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TORONTO, Canada, March 5, 2024 (Globe Newswire) — Canadian General Investment Limited (CGI) (TSX:CGI) (LSE: CGI) has a net asset value (NAV) per share as of February 29th. reported on an unaudited basis. , $59.95 in 2024, resulting in year-to-date and 12-month NAV returns of 8.2% and 17.4%, respectively, including dividend reinvestment. These compare to the benchmark S&P/TSX Composite Index’s returns of 2.4% and 9.2% on a total return basis over the same period.
The Company employs a leverage strategy through bank borrowings with the purpose of increasing returns to common stockholders. As of February 29, 2024, leverage represented 14.0% of CGI’s net assets, down from 15.1% at year-end 2023 and increasing from 13.8% as of February 28, 2023.
The closing price of CGI’s common stock on February 29, 2024 was $36.91, resulting in year-to-date stock price returns of 7.0% and 15.3%, respectively, including dividend reinvestment.
The sector weightings of CGI’s investment portfolio in the market as of February 29, 2024 are as follows:
|
industrial |
24.7% |
|
information technology |
21.6% |
|
finance |
13.3% |
|
energy |
12.0% |
|
Consumer voluntary |
10.4% |
|
material |
9.8% |
|
real estate |
4.3% |
|
communication service |
1.8% |
|
cash and cash equivalents |
1.4% |
|
Daily necessities |
0.7% |
As of February 29, 2024, the top 10 investments comprising 38.9% of the investment portfolio in the market are:
|
NVIDIA Corporation |
7.3% |
|
TFI International Co., Ltd. |
4.9% |
|
CANADIAN PACIFIC KANSAS CITY LIMITED. |
4.6% |
|
WSP Global Co., Ltd. |
3.5% |
|
Apple. |
3.3% |
|
Descartes Systems Group Co., Ltd. |
3.3% |
|
mastercard company |
3.2% |
|
West Fraser Timber Co., Ltd. |
3.2% |
|
franco nevada corporation |
2.9% |
|
Amazon.com Inc. |
2.7% |
For more information, please contact us below.
Jonathan A. Morgan
President and CEO
Phone number: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mmainvestments.com
Website: www.canadiangeneralinvestments.ca
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