Canadian General Investments: Investment Update – Unaudited

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TORONTO, May 04, 2022 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (CGI) (TSX: CGI, CGI.PR.D) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) as of April 30, 2022 was $52.46, which translates to year-to-date and 12-month NAV returns, dividends reinvested, of -14.1% and -2.6%, respectively . These compare to returns of -1.3% and 11.6% for the S&P/TSX Composite benchmark on a total return basis for the same periods.

The Company employs a leverage strategy, through the use of preferred shares and bank loans, with the objective of enhancing returns for common shareholders. As of April 30, 2022, the combined leverage offered by both forms of leverage represented 16.0% of CGI’s net assets, up from 13.7% at the end of 2021 and 15.3% as of April 30, 2021.

The closing price of CGI’s common shares as of April 30, 2022 was $39.00, resulting in year-to-date and 12-month returns, dividends reinvested, of -11.0% and 6.3%, respectively.

The sector weightings of CGI’s at-market investment portfolio as of April 30, 2022 were as follows:

Materials 21.4 %
Industrial 19.3 %
Computer science 18.4 %
Consumer Discretionary 11.1 %
finance 10.9 %
Energy 9.3 %
Real estate 4.8 %
Communication Services 2.5 %
Cash and cash equivalents 1.2 %
Health care 1.1 %

The top ten investments, which represented 36.3% of the market investment portfolio as of April 30, 2022, were as follows:

First Quantum Minerals Ltd. 5.2 %
West Fraser Timber Co. Ltd. 4.5 %
Franco-Nevada Society 4.4 %
Canadian Pacific Railway Limited 4.3 %
Apple Inc. 3.3 %
NVIDIA Corporation 3.1 %
Bank of Montreal 3.0 %
Mastercard Incorporated 2.9 %
TFI International Inc. 2.8 %
WSP Global Inc. 2.8 %

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

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