Canadian General Investments: Investment Update - Unaudited
TORONTO, Canada, Jan. 06, 2020 (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, 2019 was $36.98, resulting in a one-year NAV return, with dividends reinvested, of 31.0%. This compares with the 22.9% 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, 2019 was $26.21, resulting in an annual share price return, with dividends reinvested, of 32.1%.
The sector weightings of CGI’s investment portfolio at market as of December 31, 2019 were as follows:
| Information Technology | 22.9 | % |
| Industrials | 19.0 | % |
| Consumer Discretionary | 14.8 | % |
| Materials | 14.4 | % |
| Financials | 10.0 | % |
| Energy | 8.5 | % |
| Communication Services | 2.9 | % |
| Real Estate | 2.8 | % |
| Cash & Cash Equivalents | 2.2 | % |
| Health Care | 1.7 | % |
| Utilities | 0.8 | % |
The top ten investments which comprised 35.5% of the investment portfolio at market as of December 31, 2019 were as follows:
| Shopify Inc. | 4.9 | % |
| Air Canada | 4.7 | % |
| Franco-Nevada Corporation | 4.1 | % |
| Canadian Pacific Railway Limited | 4.0 | % |
| Mastercard Incorporated, class A | 3.9 | % |
| Bank of Montreal | 2.9 | % |
| Amazon.com, Inc. | 2.9 | % |
| NVIDIA Corporation | 2.9 | % |
| Royal Bank of Canada | 2.7 | % |
| First Quantum Minerals Ltd. | 2.5 | % |
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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