Portfolio Update

Canadian General Investments Ld

08 January 2025

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

January 6, 2025

Canadian General Investments: Investment Update - Unaudited

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2024 was $69.32, resulting in a one-year NAV return, with dividends reinvested, of 26.6%.  This compares with the 21.6% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at December 31, 2024, the leverage represented 13.8% of CGI's net assets, down from 15.1% at the end of 2023.

The closing price for CGI's common shares at December 31, 2023 was $40.48, resulting in an annual share price return, with dividends reinvested, of 19.6%.

The sector weightings of CGI's investment portfolio at market as of December 31, 2024 were as follows:

Industrials	23.4%
Information Technology	23.0%
Financials	13.4%
Energy	12.3%
Materials	11.2%
Consumer Discretionary	9.7%
Real Estate	4.2%
Cash & Cash Equivalents	2.1%
Communication Services	0.7%

The top ten investments which comprised 36.3% of the investment portfolio at market as of December 31, 2024 were as follows:

NVIDIA Corporation	4.5%
TFI International Inc.	4.1%
The Descartes Systems Group Inc.	4.0%
Apple Inc.	3.8%
Canadian Pacific Kansas City Limited	3.6%
WSP Global Inc.	3.6%
Mastercard Incorporated	3.3%
Shopify Inc.	3.2%
West Fraser Timber Co. Ltd.	3.2%
Franco-Nevada Corporation	3.0%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

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