TORONTO, CANADA, March 03, 2020 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at February 29, 2020 was $34.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -5.3% and 4.2%, respectively. These compare with the -4.3% and 4.9% 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 February 29, 2020 was $24.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -7.6% and 2.8%, respectively.
The sector weightings of CGI’s investment portfolio at market as of February 29, 2020 were as follows:
| Information Technology | 25.9 | % |
| Industrials | 18.7 | % |
| Consumer Discretionary | 14.6 | % |
| Materials | 13.1 | % |
| Financials | 9.8 | % |
| Energy | 7.5 | % |
| Real Estate | 3.0 | % |
| Communication Services | 2.9 | % |
| Cash & Cash Equivalents | 2.2 | % |
| Health Care | 1.5 | % |
| Utilities | 0.8 | % |
The top ten investments which comprised 37.4% of the investment portfolio at market as of February 29, 2020 were as follows:
| Shopify Inc. | 6.2 | % |
| Franco-Nevada Corporation | 4.6 | % |
| Canadian Pacific Railway Limited | 4.2 | % |
| Mastercard Incorporated | 4.1 | % |
| NVIDIA Corporation | 3.6 | % |
| Air Canada | 3.5 | % |
| Amazon.com, Inc. | 3.2 | % |
| Bank of Montreal | 2.8 | % |
| Royal Bank of Canada | 2.7 | % |
| 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.com
website: www.canadiangeneralinvestments.ca