TORONTO, CANADA, June 05, 2019 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (TSX:CGI), (TSX:CGI.PR.D), (LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at May 31, 2019 was $34.44 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.7% and 0.1%, respectively. These compare with the 13.4% and 3.0% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for CGI’s common shares at May 31, 2019 was $24.11, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 19.5% and 3.1%, respectively.
The sector weightings of CGI’s investment portfolio at market as of May 31, 2019 were as follows:
| Information Technology | 23.0 | % | |
| Industrials | 17.3 | % | |
| Materials | 14.4 | % | |
| Consumer Discretionary | 13.6 | % | |
| Financials | 10.3 | % | |
| Energy | 9.1 | % | |
| Health Care | 4.7 | % | |
| Communication Services | 3.3 | % | |
| Cash & Cash Equivalents | 2.2 | % | |
| Real Estate | 1.3 | % | |
| Utilities | 0.8 | % |
The top ten investments which comprised 38.1% of the investment portfolio at market as of May 31, 2019 were as follows:
| Shopify Inc. | 7.5 | % | |
| Air Canada | 4.8 | % | |
| Mastercard Incorporated, class A | 4.1 | % | |
| Canadian Pacific Railway Limited | 3.9 | % | |
| Franco-Nevada Corporation | 3.5 | % | |
| Amazon.com, Inc. | 3.2 | % | |
| Bank of Montreal | 3.1 | % | |
| Royal Bank of Canada | 2.9 | % | |
| Canopy Growth Corporation | 2.6 | % | |
| The Descartes Systems Group Inc. | 2.5 | % | |
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.comwebsite: www.canadiangeneralinvestments.ca