TORONTO, CANADA--(Marketwired - Jan. 5, 2017) - Canadian General Investments, Limited (CGI)
(TSX:CGI)(TSX:CGI.PR.D)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2016
was $27.98 resulting in a one-year NAV return, with dividends reinvested, of 18.2%. This compares with the 21.1% return of
the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The closing price for CGI's common shares at December 31, 2016 was $19.45, resulting in an annual share price return, with
dividends reinvested, of 8.2%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2016 were as follows:
| |
|
|
|
| Energy |
|
20.7% |
|
| Materials |
|
18.3% |
|
| Consumer Discretionary |
|
15.0% |
|
| Financials |
|
13.3% |
|
| Industrials |
|
12.2% |
|
| Information Technology |
|
10.4% |
|
| Telecommunication Services |
|
3.1% |
|
| Real Estate |
|
2.2% |
|
| Consumer Staples |
|
2.0% |
|
| Cash & Cash Equivalents |
|
1.9% |
|
| Utilities |
|
0.9% |
|
The top ten investments which comprised 32.2% of the investment portfolio at market as of December 31, 2016 were as
follows:
| |
|
|
|
| Dollarama Inc. |
|
4.4% |
|
| Bank of Montreal |
|
3.6% |
|
| Franco-Nevada Corporation |
|
3.5% |
|
| First Quantum Minerals Ltd. |
|
3.3% |
|
| Open Text Corporation |
|
3.2% |
|
| Royal Bank of Canada |
|
3.0% |
|
| Canadian Pacific Railway Limited |
|
3.0% |
|
| NVIDIA Corporation |
|
2.9% |
|
| CCL Industries Inc. |
|
2.7% |
|
| Enbridge Inc. |
|
2.6% |
|