TORONTO, CANADA, Oct. 05, 2022 (GLOBE NEWSWIRE) — Canadian General Investments (CGI) (TSX:CGI) (TSX:CGI.PR.D) (LSE:CGI) announces its net worth on an unaudited basis. had an asset value (NAV) per share of $45.25 on September 30, 2022, yielding year-to-date and 12-month NAV returns of -25.3% and -20.5%, respectively, with dividends reinvested. These compare to returns of -11.1% and -5.4% for the benchmark S&P/TSX Composite Index on a total return basis over the same period.
The Company employs a leverage strategy through preferred stock and bank borrowings to enhance returns to common stockholders. As of September 30, 2022, the combined leverage provided by both forms of leverage represented 15.9% of CGI’s net worth, up from 13.7% at the end of 2021 and 14.5% at September 30, 2021 Did.
CGI’s common stock closed at $29.75 on September 30, 2022, representing year-to-date and 12-month stock returns of -31.2% and -22.0%, respectively, with dividends reinvested.
The sector weights of CGI’s investment portfolio in the market as of 30 September 2022 are as follows:
| industry | 21.1% | ||
| material | 17.3% | ||
| Information technology | 16.8% | ||
| Consumer discretion | 12.6% | ||
| Finance | 11.6% | ||
| energy | 10.8% | ||
| real estate | 5.1% | ||
| Communication service | 2.3% | ||
| cash and cash equivalents | 1.3% | ||
| Health care | 1.1% |
As of September 30, 2022, the top 10 investments comprising 37.7% of the investment portfolio in the market are:
| Canadian Pacific Railway Limited | 4.9% | ||
| West Fraser Timber Co. | 4.6% | ||
| Franco Nevada Corporation | 4.4% | ||
| TFI International Co., Ltd. | 4.0% | ||
| First Quantum Minerals Limited | 3.9% | ||
| Apple. | 3.6% | ||
| WSP Global Co., Ltd. | 3.3% | ||
| Descartes Systems Group | 3.2% | ||
| Bank of Montreal | 3.0% | ||
| Mastercard Co., Ltd. | 2.8% |
Please contact us for more information.
Canadian General Investments Limited
Jonathan A. Morgan
Representative Director and President
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mmainvestments.com
Website: www.canadiangeneralinvestments.ca
