Portfolio Update

Canadian General Investments Ld

05 November 2025

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

November 5, 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 October 31, 2025 was $82.06 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 19.8% and 25.4%, respectively. These compare with the 25.1% and 28.7% 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 October 31, 2025, the leverage represented 11.7% of CGI's net assets, down from 13.8% at the end of 2024 and 14.4% at October 31, 2024.

The closing price for CGI's common shares at October 31, 2025 was $45.05, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 13.6% and 16.4%, respectively.

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

Information Technology	27.1%
Industrials	18.8%
Materials	13.8%
Financials	13.6%
Energy	13.1%
Consumer Discretionary	8.5%
Real Estate	3.6%
Cash & Cash Equivalents	0.8%
Communication Services	0.7%

The top ten investments which comprised 40.7% of the investment portfolio at market as of October 31, 2025 were as follows:

Celestica Inc.	8.8%
NVIDIA Corporation	5.6%
Shopify Inc.	4.0%
Franco-Nevada Corporation	4.0%
Cameco Corporation	3.4%
WSP Global Inc.	3.3%
Canadian Pacific Kansas City Limited	3.0%
Dollarama Inc.	3.0%
Mastercard Incorporated	2.9%
First Quantum Minerals Ltd.	2.7%

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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