Portfolio Update
TSX: CGI
LONDON STOCK EXCHANGE: CGI
December 4, 2024
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, 2024 was $71.96 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 31.4% and 36.9%, respectively. These compare with the 25.8% and 30.7% 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, 2024, the leverage represented 13.3% of CGI's net assets, down from 15.1% at the end of 2023 and 15.7% at November 30, 2023.
The closing price for CGI's common shares at November 30, 2024 was $40.97,resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 21.1% and 22.6%, respectively.
The sector weightings of CGI's investment portfolio at market as of November 30, 2024 were as follows:
Information Technology | 24.6% |
Industrials | 23.3% |
Financials | 12.9% |
Energy | 12.2% |
Materials | 11.8% |
Consumer Discretionary | 9.5% |
Real Estate | 4.1% |
Communication Services | 0.9% |
Cash & Cash Equivalents | 0.7% |
The top ten investments which comprised 38.1% of the investment portfolio at market as of November 30, 2024 were as follows:
NVIDIA Corporation | 6.8% |
TFI International Inc. | 4.3% |
The Descartes Systems Group Inc. | 3.8% |
Apple Inc. | 3.7% |
Canadian Pacific Kansas City Limited | 3.6% |
WSP Global Inc. | 3.4% |
West Fraser Timber Co. Ltd. | 3.3% |
Shopify Inc. | 3.2% |
Mastercard Incorporated | 3.1% |
Franco-Nevada Corporation | 2.9% |
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: [email protected]
website: www.canadiangeneralinvestments.ca
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