TORONTO, Canada, April 04, 2018 (GLOBE NEWSWIRE) -- Canadian World Fund Limited (CWF) reports on an unaudited
basis that its net asset value per share (NAV) at March 31, 2018 was $9.81, resulting in year-to-date and 12-month NAV returns of
3.4% and 16.8%, respectively. These compare with the 1.5% and 9.0% returns of the benchmark Morgan Stanley Capital
International All Country World Index, in Canadian dollar terms, for the same periods.
The closing price for CWF’s common shares at March 31, 2018 was $9.00, resulting in year-to-date and 12-month share price
returns of 38.5% and 80.0%, respectively. On March 5, 2018, CWF announced that it had entered into a definitive acquisition
agreement with Third Canadian General Investment Trust Limited (Third Canadian), a company under common control, which would
provide for the acquisition by Third Canadian of all of CWF’s common shares held by minority shareholders for cash consideration
equal to 95% of the NAV, calculated and announced by press release on April 20, 2018, in advance of an April 26, 2018 meeting of
shareholders to consider the arrangement. Share prices and share price returns from and after March 6, 2018 may reflect the
announcement of this proposed arrangement.
The geographic sector weightings of CWF’s investment portfolio at market as of March 31, 2018 were as follows:
| United States |
36.4% |
| Europe |
31.0% |
| Asia |
23.7% |
| Canada |
3.7% |
| South America |
3.3% |
| Central America & Caribbean |
1.9% |
| |
|
The top ten investments which comprised 34.9% of the investment portfolio at market as of March 31, 2018 were as follows:
| HDFC Bank Ltd. (India) |
5.0% |
| AmRest Holdings N.V. (Poland) |
4.9% |
| Bank of America Corporation (United States) |
3.7% |
| Apple Inc. (United States) |
3.5% |
| Lojas Renner S.A. (Brazil) |
3.3% |
| Sunny Optical Technology (Group) Company Limited (China/Hong Kong) |
3.2% |
| JENOPTIK AG (Germany) |
2.9% |
| CME Group Inc. (United States) |
2.8% |
| Mahindra & Mahindra Limited (India) |
2.8% |
| London Stock Exchange Group plc (United Kingdom) |
2.8% |
| |
|
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian World Fund Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cwffund@mmainvestments.com
website: www.canadianworldfund.ca
