General Investment Canada: Investment Update – Unaudited – Yahoo Finance | Pro IQRA News

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Canadian General Investments, Limited

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TORONTO, Canada, August 04, 2022 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (CGI) reported without an audit that the value of net assets per share (NAV) as of July 31, 2022 was $49.62, yielding year-to-date and a return of NAV 12 month, with reinvested dividends of -18.4% and -13.0%, respectively. This compares with the -5.7% and -0.2% returns of the benchmark S&P/TSX Composite Index based on total returns for the same period.

The Company implements a leverage strategy, through preferred stock and bank loans, in an effort to increase returns to common stockholders. As at 31 July 2022, the combined leverage provided by the two forms of leverage represented 14.0% of CGI’s net assets, up from 13.7% at the end of 2021 and down from 14.5% at 31 July 2021.

The closing price for CGI common stock on July 31, 2022 was $33.20, yielding year-to-date and 12-month stock price returns, with reinvested dividends of -23.7% and -12.4%, respectively. .

The weights of the CGI investment portfolio sectors in the market as of 31 July 2022 are as follows:

industry

20.8

%

Information Technology

18.2

%

Material:

17.7

%

Consumer Policy

12.2

%

Finance

11.0

%

Energy

11.0

%

Housing area

5.4

%

Communication Service

2.4

%

Health

1.1

%

Cash & Cash Equivalent

0.2

%

The top ten investments accounting for 37.6% of the investment portfolio in the market as of 31 July 2022 are as follows:

West Fraser Timber Co. Ltd.

5.2

%

Canadian Pacific Railroad Limited

4.9

%

Franco-Nevada . Company

4.0

%

TFI International Inc.

3.8

%

Apple Company.

3.7

%

First Quantum Minerals Ltd.

3.6

%

NVIDIA Corporation

3.3

%

WSP Global Inc.

3.1

%

Descartes Systems Group Inc.

3.0

%

Mastercard Incorporated

3.0

%

FOR MORE INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
email: [email protected]
website: www.canadiangeneralinvestments.ca

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