NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.C, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
April 3, 2014
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, 2014 was $26.62, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 4.3% and 20.1%, respectively. These compare with the 6.1% and 16.0% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for CGI's common shares at March 31, 2014 was $18.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.5% and 17.7%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2014 were as follows:
|
Financials |
22.0% |
|
Energy |
20.9% |
|
Consumer Discretionary |
16.6% |
|
Industrials |
12.9% |
|
Materials |
12.5% |
|
Information Technology |
6.0% |
|
Telecommunication Services |
3.6% |
|
Health Care |
2.5% |
|
Consumer Staples |
1.3% |
|
Utilities |
1.1% |
|
Cash & Cash Equivalents |
0.5% |
The top ten investments which comprised 29.6% of the investment portfolio at market as of
March 31, 2014 were as follows:
|
Dollarama Inc. |
4.4% |
|
Enbridge Inc. |
3.6% |
|
Canadian Pacific Railway Limited |
3.1% |
|
Element Financial Corporation |
3.0% |
|
Bank of Montreal |
2.9% |
|
Methanex Corporation |
2.8% |
|
Royal Bank of Canada |
2.5% |
|
Catamaran Corporation |
2.5% |
|
Brookfield Canada Office Properties |
2.4% |
|
Stantec Inc. |
2.4% |
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca
H:\DATA\COMPANY\CGI\PRESS\2014\140403 CGI Investment Update.doc