Canadian General Investments: Investment Update - Unaudited
TORONTO, Canada, April 03, 2019 (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 March 31, 2019 was $34.97 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.8% and 8.9%, respectively. These compare with the 13.3% and 8.1% 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, 2019 was $24.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 19.5% and 7.2%, respectively.
The sector weightings of CGI’s investment portfolio at market as of March 31, 2019 were as follows:
| Information Technology | 19.8 | % |
| Materials | 17.0 | % |
| Industrials | 14.4 | % |
| Consumer Discretionary | 14.0 | % |
| Financials | 10.2 | % |
| Energy | 9.3 | % |
| Health Care | 5.4 | % |
| Cash & Cash Equivalents | 4.6 | % |
| Communication Services | 3.3 | % |
| Real Estate | 1.2 | % |
| Utilities | 0.8 | % |
The top ten investments which comprised 36.8% of the investment portfolio at market as of March 31, 2019 were as follows:
| Shopify Inc. | 5.5 | % |
| Cash | 4.6 | % |
| Air Canada | 3.9 | % |
| Mastercard Incorporated, class A | 3.8 | % |
| Canadian Pacific Railway Limited | 3.6 | % |
| Franco-Nevada Corporation | 3.3 | % |
| Bank of Montreal | 3.1 | % |
| Amazon.com, Inc. | 3.1 | % |
| First Quantum Minerals Ltd. | 3.1 | % |
| Royal Bank of Canada | 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
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
