Canadian General Investments: Investment Update - Unaudited
TORONTO, Canada, March 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 February 28, 2025 was $67.92 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -1.6% and 15.1%, respectively. These compare with the 3.1% and 22.5% 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 February 28, 2025, the leverage represented 14.1% of CGI’s net assets, up from 13.8% at the end of 2024 and 14.0% at February 29, 2024.
The closing price for CGI’s common shares at February 28, 2025 was $38.10, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -5.2% and 6.0%, respectively.
The sector weightings of CGI’s investment portfolio at market as of February 28, 2025 were as follows:
| Information Technology | 23.9 | % |
| Industrials | 22.3 | % |
| Financials | 14.3 | % |
| Materials | 11.5 | % |
| Energy | 11.3 | % |
| Consumer Discretionary | 10.0 | % |
| Real Estate | 4.2 | % |
| Cash & Cash Equivalents | 1.9 | % |
| Communication Services | 0.6 | % |
The top ten investments which comprised 36.7% of the investment portfolio at market as of February 28, 2025 were as follows:
| NVIDIA Corporation | 4.2 | % |
| Canadian Pacific Kansas City Limited | 4.0 | % |
| The Descartes Systems Group Inc. | 4.0 | % |
| WSP Global Inc. | 3.7 | % |
| Apple Inc. | 3.7 | % |
| Franco-Nevada Corporation | 3.7 | % |
| Mastercard Incorporated | 3.7 | % |
| Shopify Inc. | 3.4 | % |
| Celestica Inc. | 3.3 | % |
| West Fraser Timber Co. Ltd. | 3.0 | % |
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail:
website:
