FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
January 6, 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 December 31, 2024 was $69.32, resulting in a one-year NAV return, with dividends reinvested, of 26.6%. This compares with the 21.6% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at December 31, 2024, the leverage represented 13.8% of CGI's net assets, down from 15.1% at the end of 2023.
The closing price for CGI's common shares at December 31, 2023 was $40.48, resulting in an annual share price return, with dividends reinvested, of 19.6%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2024 were as follows:
| Industrials | 23.4% |
| Information Technology | 23.0% |
| Financials | 13.4% |
| Energy | 12.3% |
| Materials | 11.2% |
| Consumer Discretionary | 9.7% |
| Real Estate | 4.2% |
| Cash & Cash Equivalents | 2.1% |
| Communication Services | 0.7% |
The top ten investments which comprised 36.3% of the investment portfolio at market as of December 31, 2024 were as follows:
| NVIDIA Corporation | 4.5% |
| TFI International Inc. | 4.1% |
| The Descartes Systems Group Inc. | 4.0% |
| Apple Inc. | 3.8% |
| Canadian Pacific Kansas City Limited | 3.6% |
| WSP Global Inc. | 3.6% |
| Mastercard Incorporated | 3.3% |
| Shopify Inc. | 3.2% |
| West Fraser Timber Co. Ltd. | 3.2% |
| Franco-Nevada Corporation | 3.0% |
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca
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