Portfolio Update

Canadian General Investments Ld

03 April 2025

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

April 3, 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 March 31, 2025 was $63.60 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -7.9% and 2.8%, respectively. These compare with the 1.5% and 15.8% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at March 31, 2025, the leverage represented 15.1% of CGI's net assets, up from 13.8% at the end of 2024 and 13.4% at March 31, 2024.

The closing price for CGI's common shares at March 31, 2025 was $36.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -9.7% and -1.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of March 31, 2025 were as follows:

Information Technology	21.9%
Industrials	21.6%
Financials	14.2%
Materials	12.7%
Energy	12.0%
Consumer Discretionary	10.2%
Real Estate	4.2%
Cash & Cash Equivalents	2.6%
Communication Services	0.6%

The top ten investments which comprised 36.1% of the investment portfolio at market as of March 31, 2025 were as follows:

Franco-Nevada Corporation	4.3%
NVIDIA Corporation	3.9%
Canadian Pacific Kansas City Limited	3.8%
The Descartes Systems Group Inc.	3.8%
WSP Global Inc.	3.8%
Mastercard Incorporated	3.7%
Apple Inc.	3.6%
Dollarama Inc.	3.1%
Shopify Inc.	3.1%
West Fraser Timber Co. Ltd.	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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