TORONTO, CANADA--(Marketwired - April 5, 2016) - Canadian General Investments, Limited (TSX:CGI)(TSX:CGI.PR.C)(TSX:CGI.PR.D)(LSE:CGI)(CGI) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2016 was $23.94, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -1.1% and -12.1%, respectively. These compare with the 4.5% and -6.6% 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 March 31, 2016 was $17.95, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -3.3% and -9.6%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2016 were as follows:
| Financials |
20.8% |
| Consumer Discretionary |
20.1% |
| Materials |
16.3% |
| Energy |
13.8% |
| Industrials |
12.8% |
| Information Technology |
6.3% |
| Telecommunication Services |
3.5% |
| Cash & Cash Equivalents |
2.3% |
| Consumer Staples |
2.2% |
| Utilities |
1.1% |
| Health Care |
0.8% |
The top ten investments which comprised 33.8% of the investment portfolio at market as of March 31, 2016 were as follows:
| Dollarama Inc. |
5.8% |
| Franco-Nevada Corporation |
3.9% |
| CCL Industries Inc. |
3.6% |
| Bank of Montreal |
3.4% |
| Canadian Pacific Railway Limited |
3.1% |
| Open Text Corporation |
2.9% |
| Royal Bank of Canada |
2.8% |
| Gildan Activewear Inc. |
2.8% |
| Brookfield Canada Office Properties |
2.8% |
| AutoZone, Inc. |
2.7% |