Canadian General Investments Reports Strong Performance
Canadian General Investments, Limited (CGI) (TSX: CGI) (LSE: CGI), a leading investment company, has announced its unaudited net asset value per share (NAV) as of June 30, 2024. The NAV stood at $62.50, delivering impressive year-to-date and 12-month returns of 13.3% and 14.2%, respectively, with dividends reinvested. These returns outpaced the benchmark S&P/TSX Composite Index, which posted returns of 6.1% and 12.1% for the same periods.
The Company’s leveraging strategy via bank borrowing has helped enhance returns for common shareholders. As of June 30, 2024, the leverage represented 13.4% of CGI’s net assets, showing a decrease from the previous year.
CGI’s common shares closed at $35.91 on June 30, 2024, yielding year-to-date and 12-month share price returns of 4.8% and 6.1%, respectively.
Investment Portfolio Highlights
The sector weightings of CGI’s investment portfolio as of June 30, 2024, were as follows:
Industrials | 22.2% |
Information Technology | 21.8% |
The top ten investments in CGI’s portfolio as of June 30, 2024, accounted for 39.5% of the total market value. Some of the notable holdings included NVIDIA Corporation, TFI International Inc., and Apple Inc.
Contact Information
For further information, please contact:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mmainvestments.com
Website: www.canadiangeneralinvestments.ca
Source: Canadian General Investments, Limited