TORONTO, CANADA--(Marketwired - Jan. 5, 2017) - Canadian General Investments, Limited (CGI) (TSX:CGI)(TSX:CGI.PR.D)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2016 was $27.98 resulting in a one-year NAV return, with dividends reinvested, of 18.2%. This compares with the 21.1% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The closing price for CGI's common shares at December 31, 2016 was $19.45, resulting in an annual share price return, with dividends reinvested, of 8.2%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2016 were as follows:
| Energy | 20.7% | ||
| Materials | 18.3% | ||
| Consumer Discretionary | 15.0% | ||
| Financials | 13.3% | ||
| Industrials | 12.2% | ||
| Information Technology | 10.4% | ||
| Telecommunication Services | 3.1% | ||
| Real Estate | 2.2% | ||
| Consumer Staples | 2.0% | ||
| Cash & Cash Equivalents | 1.9% | ||
| Utilities | 0.9% |
The top ten investments which comprised 32.2% of the investment portfolio at market as of December 31, 2016 were as follows:
| Dollarama Inc. | 4.4% | ||
| Bank of Montreal | 3.6% | ||
| Franco-Nevada Corporation | 3.5% | ||
| First Quantum Minerals Ltd. | 3.3% | ||
| Open Text Corporation | 3.2% | ||
| Royal Bank of Canada | 3.0% | ||
| Canadian Pacific Railway Limited | 3.0% | ||
| NVIDIA Corporation | 2.9% | ||
| CCL Industries Inc. | 2.7% | ||
| Enbridge Inc. | 2.6% |
Contact Information:
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
cgifund@mmainvestments.com
www.canadiangeneralinvestments.ca