TORONTO, Canada, April 3, 2024 (Globe Newswire) — Canadian General Investment Limited (CGI) (TSX:CGI) (LSE: CGI) has net assets per share as of March 31 on an unaudited basis. reported value (NAV). , $62.80 in 2024, resulting in year-to-date and 12-month NAV returns of 13.4% and 22.2%, respectively, including dividend reinvestment. These compare to the benchmark S&P/TSX Composite Index’s returns of 6.6% and 14.0% 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 March 31, 2024, leverage represented 13.4% of CGI’s net assets, down from 15.1% at year-end 2023 and 16.0% at March 31, 2023.
The closing price of CGI’s common stock as of March 31, 2024 was $37.69, resulting in year-to-date stock returns of 9.3% and 17.3%, respectively, including dividend reinvestment.
The sector weightings of CGI’s investment portfolio in the market as of March 31, 2024 are as follows:
|
industrial |
24.7 |
% |
|
information technology |
21.0 |
% |
|
energy |
13.5 |
% |
|
finance |
13.0 |
% |
|
material |
10.6 |
% |
|
consumer’s discretion |
9.6 |
% |
|
real estate |
4.2 |
% |
|
cash and cash equivalents |
1.8 |
% |
|
communication service |
1.6 |
% |
The top 10 investments comprising 39.0% of the investment portfolio in the market as of March 31, 2024 are:
|
NVIDIA Corporation |
7.1 |
% |
|
TFI International Co., Ltd. |
5.1 |
% |
|
CANADIAN PACIFIC KANSAS CITY LIMITED. |
4.6 |
% |
|
WSP Global Co., Ltd. |
3.6 |
% |
|
Descartes Systems Group Co., Ltd. |
3.3 |
% |
|
West Fraser Timber Co., Ltd. |
3.3 |
% |
|
mastercard company |
3.2 |
% |
|
franco nevada corporation |
3.1 |
% |
|
Apple. |
3.0 |
% |
|
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
