CGI. Canadian General Investments Ltd.

Edison issues report on Canadian General Investments (CGI)

Edison Investment Research Limited
Edison issues report on Canadian General Investments (CGI)

30-Oct-2024 / 09:20 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 30 October 2024

 

Edison issues report on Canadian General Investments (CGI)

Edison issues report on Canadian General Investments (TSX: CGI)

Canadian General Investments (CGI) is managed by Greg Eckel at Morgan Meighen & Associates (MMA). He believes that investors could be rewarded by an allocation to Canada, rather than automatically heading to the US, which tends to be the default option for North American exposure. The manager highlights the very commendable returns that CGI has achieved over the long term, with 1.4pp annual share price outperformance versus the Canadian market over the last 25 years, and an even greater 2.3pp annual outperformance over the last 50 years. Eckel is unconstrained by the sector weightings of the S&P/TSX Composite Index benchmark, evidenced by a very long-term underweight to financial stocks. CGI has recently confirmed that 2024 will mark the 11th consecutive year of higher dividends. The company’s margin facility has recently been drawn down by a further C$25m to C$200m.

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

2019199  30-Oct-2024 

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30/10/2024

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