Canadian General Investments: Investment Update - Unaudited
TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (TSX:CGI.PR.D) (LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2017 was $33.14, resulting in a one-year NAV return, with dividends reinvested, of 21.5%. This compares with the 9.1% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The closing price for CGI’s common shares at December 31, 2017 was $23.73, resulting in an annual share price return, with dividends reinvested, of 26.3%.
The sector weightings of CGI’s investment portfolio at market as of December 31, 2017 were as follows:
| Materials | 21.1 | % | |
| Consumer Discretionary | 16.3 | % | |
| Industrials | 13.7 | % | |
| Financials | 13.3 | % | |
| Energy | 13.1 | % | |
| Information Technology | 12.9 | % | |
| Telecommunication Services | 3.2 | % | |
| Health Care | 2.8 | % | |
| Real Estate | 1.2 | % | |
| Consumer Staples | 0.9 | % | |
| Utilities | 0.8 | % | |
| Cash & Cash Equivalents | 0.7 | % | |
The top ten investments which comprised 34.7% of the investment portfolio at market as of December 31, 2017 were as follows:
| Dollarama Inc. | 4.5 | % | |
| NVIDIA Corporation | 3.9 | % | |
| First Quantum Minerals Ltd. | 3.8 | % | |
| Franco-Nevada Corporation | 3.8 | % | |
| Air Canada | 3.5 | % | |
| Bank of Montreal | 3.3 | % | |
| Canadian Pacific Railway Limited | 3.1 | % | |
| Amazon.com, Inc. | 3.0 | % | |
| Royal Bank of Canada | 3.0 | % | |
| Shopify Inc. | 2.8 | % | |
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
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