TORONTO, CANADA, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (TSX:CGI), (TSX:CGI.PR.D), (LSE:CGI) (CGI) reports on an unaudited basis that its net asset value per share (NAV) at July 31, 2019 was $36.55 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 28.1% and 4.7%, respectively. These compare with the 16.6% and 3.0% 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 July 31, 2019 was $24.87, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 23.3% and 2.8%, respectively.
The sector weightings of CGI’s investment portfolio at market as of July 31, 2019 were as follows:
| Information Technology | 23.5% |
| Industrials | 18.0% |
| Materials | 14.2% |
| Consumer Discretionary | 14.0% |
| Financials | 10.0% |
| Energy | 8.3% |
| Health Care | 4.3% |
| Communication Services | 2.9% |
| Cash & Cash Equivalents | 2.8% |
| Real Estate | 1.3% |
| Utilities | 0.7% |
The top ten investments which comprised 37.6% of the investment portfolio at market as of July 31, 2019 were as follows:
| Shopify Inc. | 7.3% |
| Air Canada | 5.1% |
| Mastercard Incorporated, class A | 4.0% |
| Canadian Pacific Railway Limited | 3.9% |
| Franco-Nevada Corporation | 3.6% |
| Amazon.com, Inc. | 3.0% |
| Bank of Montreal | 2.9% |
| Cash | 2.8% |
| Royal Bank of Canada | 2.7% |
| First Quantum Minerals Ltd. | 2.3% |
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
