Portfolio Update

Summary by AI ^BETAClose X

Canadian General Investments, Limited reported an unaudited net asset value per share of $80.73 as of November 30, 2025, with year-to-date and 12-month NAV returns of 18.2% and 13.9% respectively, underperforming the S&P/TSX Composite Index's total returns of 30.0% and 25.7%. The company's leverage stood at 11.9% of net assets, a decrease from previous periods. Common share price returns year-to-date and over 12 months were 15.4% and 14.0% respectively, with a closing share price of $45.50 on November 30, 2025. The investment portfolio was heavily weighted towards Information Technology (25.3%), Industrials (18.2%), and Materials (15.1%), with top holdings including Celestica Inc. (8.3%) and NVIDIA Corporation (5.0%).

Disclaimer*

Canadian General Investments Ld

03 December 2025

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

December 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 November 30, 2025 was $80.73 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.2% and 13.9%, respectively. These compare with the 30.0% and 25.7% 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 November 30, 2025, the leverage represented 11.9% of CGI's net assets, down from 13.8% at the end of 2024 and 13.3% at November 30, 2024.

The closing price for CGI's common shares at November 30, 2025 was $45.50, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 15.4% and 14.0%, respectively.

The sector weightings of CGI's investment portfolio at market as of November 30, 2025 were as follows:

Information Technology	25.3%
Industrials	18.2%
Materials	15.1%
Financials	13.7%
Energy	13.1%
Consumer Discretionary	8.9%
Real Estate	3.5%
Cash & Cash Equivalents	1.5%
Communication Services	0.7%

The top ten investments which comprised 39.7% of the investment portfolio at market as of November 30, 2025 were as follows:

Celestica Inc.	8.3%
NVIDIA Corporation	5.0%
Franco-Nevada Corporation	4.5%
Shopify Inc.	3.7%
Dollarama Inc.	3.3%
Canadian Pacific Kansas City Limited	3.1%
WSP Global Inc.	3.0%
First Quantum Minerals Ltd.	3.0%
Cameco Corporation	2.9%
Mastercard Incorporated	2.9%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: info@canadiangeneralinvestments.ca

website: www.canadiangeneralinvestments.ca

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END