Canadian General Investments: Investment Update - Unaudited
November 03 2022 - 10:59AM
Canadian General Investments, Limited (CGI) reports on an unaudited
basis that its net asset value per share (NAV) at October 31, 2022
was $48.47, resulting in year-to-date and 12-month NAV returns,
with dividends reinvested, of -19.9% and -19.9%, respectively.
These compare with the -6.2% and -4.9% 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 preference shares and bank borrowing, in an effort to
enhance returns to common shareholders. As at October 31, 2022, the
combined leverage afforded by both forms of leverage represented
14.8% of CGI’s net assets, up from 13.7% at the end of 2021 and
13.6% at October 31, 2021.
The closing price for CGI’s common shares at
October 31, 2022 was $31.40, resulting in year-to-date and 12-month
share price returns, with dividends reinvested, of -27.3% and
-18.2%, respectively.
The sector weightings of CGI’s investment
portfolio at market as of October 31, 2022 were as follows:
|
Industrials |
21.2% |
|
|
Information
Technology |
17.5% |
|
|
Materials |
16.0% |
|
|
Energy |
12.4% |
|
|
Consumer
Discretionary |
12.3% |
|
|
Financials |
11.2% |
|
|
Real
Estate |
5.2% |
|
|
Communication Services |
2.3% |
|
|
Health
Care |
1.1% |
|
|
Cash &
Cash Equivalents |
0.8% |
|
|
|
|
|
The top ten investments which comprised 37.5% of
the investment portfolio at market as of October 31, 2022 were as
follows:
|
|
|
|
|
Canadian
Pacific Railway Limited |
5.0% |
|
|
West Fraser
Timber Co. Ltd. |
4.5% |
|
|
Franco-Nevada Corporation |
4.2% |
|
|
Apple
Inc. |
3.8% |
|
|
TFI
International Inc. |
3.7% |
|
|
First
Quantum Minerals Ltd. |
3.7% |
|
|
WSP Global
Inc. |
3.4% |
|
|
The
Descartes Systems Group Inc. |
3.2% |
|
|
Mastercard
Incorporated |
3.0% |
|
|
Bank of
Montreal |
3.0% |
|
|
|
|
|
FOR FURTHER INFORMATION PLEASE CONTACT: Canadian
General Investments, Limited Jonathan A. Morgan President and CEO
Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail:
cgifund@mmainvestments.com website:
www.canadiangeneralinvestments.ca
Canadian General Investm... (TSX:CGI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Canadian General Investm... (TSX:CGI)
Historical Stock Chart
From Apr 2023 to Apr 2024