Canadian General Investments: Investment Update - Unaudited

TORONTO, Canada, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX: CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at July 31, 2023 was $58.05, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.4% and 19.2%, respectively. These compare with the 8.4% and 8.2% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at July 31, 2023, the leverage represented 14.5% of CGI’s net assets, down from 14.9% at the end of 2022 and up from 14.0% at July 31, 2022.

The closing price for CGI’s common shares at July 31, 2023 was $36.40, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 13.3% and 12.8%, respectively.

The sector weightings of CGI’s investment portfolio at market as of July 31, 2023 were as follows:

Information Technology	22.7	%
Industrials	21.7	%
Materials	16.8	%
Energy	10.8	%
Consumer Discretionary	10.8	%
Financials	9.7	%
Real Estate	4.3	%
Communication Services	1.8	%
Cash & Cash Equivalents	0.7	%
Health Care	0.7	%

The top ten investments which comprised 41.7% of the investment portfolio at market as of July 31, 2023 were as follows:

NVIDIA Corporation	6.8	%
First Quantum Minerals Ltd.	5.1	%
Canadian Pacific Kansas City Limited	4.5	%
TFI International Inc.	4.3	%
West Fraser Timber Co. Ltd.	4.1	%
Franco-Nevada Corporation	4.0	%
Apple Inc.	3.9	%
WSP Global Inc.	3.1	%
The Descartes Systems Group Inc.	3.0	%
Mastercard Incorporated	2.9	%

FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: [email protected] website: www.canadiangeneralinvestments.ca

Source: Canadian General Investments, Limited

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