Canadian General Investments: Investment Update - Unaudited
TORONTO, Canada, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at January 31, 2020 was $38.04, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.9% and 18.2%, respectively. These compare with the 1.7% and 15.0% 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 January 31, 2020 was $26.40, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 0.7% and 21.3%, respectively.
The sector weightings of CGI’s investment portfolio at market as of January 31, 2020 were as follows:
| Information Technology | 24.9% | |
| Industrials | 18.9% | |
| Consumer Discretionary | 14.7% | |
| Materials | 13.5% | |
| Financials | 9.9% | |
| Energy | 7.9% | |
| Communication Services | 2.9% | |
| Real Estate | 2.9% | |
| Cash & Cash Equivalents | 1.9% | |
| Health Care | 1.7% | |
| Utilities | 0.8% |
The top ten investments which comprised 36.8% of the investment portfolio at market as of January 31, 2020 were as follows:
| Shopify Inc. | 5.7% | |
| Franco-Nevada Corporation | 4.5% | |
| Air Canada | 4.2% | |
| Canadian Pacific Railway Limited | 4.2% | |
| Mastercard Incorporated, class A | 4.1% | |
| Amazon.com, Inc. | 3.2% | |
| NVIDIA Corporation | 2.9% | |
| Bank of Montreal | 2.9% | |
| Royal Bank of Canada | 2.6% | |
| Apple Inc. | 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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