Canadian General Investments: Investment Update - Unaudited

GlobeNewswire
06 Feb

TORONTO, Canada, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at January 31, 2025 was $70.79 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.1% and 26.3%, respectively. These compare with the 3.5% and 25.2% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at January 31, 2025, the leverage represented 13.5% of CGI’s net assets, down from 13.8% at the end of 2024 and 14.7% at January 31, 2024.

The closing price for CGI’s common shares at January 31, 2025 was $39.75, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.8% and 14.0%, respectively.

The sector weightings of CGI’s investment portfolio at market as of January 31, 2025 were as follows:

   
Information Technology23.7%
Industrials22.7%
Financials13.9%
Energy11.7%
Materials11.4%
Consumer Discretionary9.9%
Real Estate4.2%
Cash & Cash Equivalents1.9%
Communication Services0.6%
   

The top ten investments which comprised 37.0% of the investment portfolio at market as of January 31, 2025 were as follows:

   
The Descartes Systems Group Inc.4.0%
TFI International Inc.4.0%
Canadian Pacific Kansas City Limited4.0%
NVIDIA Corporation3.9%
Celestica Inc.3.7%
Apple Inc.3.5%
Shopify Inc.3.5%
WSP Global Inc.3.5%
Mastercard Incorporated3.5%
Franco-Nevada Corporation3.4%
   

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


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10