Canadian General Investments Reports 14.3% 12-Month NAV Return, Despite Underperforming S&P/TSX Composite Index

Reuters
07-05
Canadian General Investments Reports 14.3% 12-Month NAV Return, Despite Underperforming S&P/TSX Composite Index

Canadian General Investments, Limited $(CGI)$ has released its unaudited investment update, reporting a net asset value per share $(NAV)$ of $70.37 as of June 30, 2025. This reflects year-to-date and 12-month NAV returns, with dividends reinvested, of 2.3% and 14.3%, respectively. These returns are compared to the 10.2% and 26.4% returns of the benchmark S&P/TSX Composite Index for the same periods. The company has implemented a leveraging strategy through bank borrowing, aiming to enhance returns for common shareholders. As of June 30, 2025, leverage accounted for 13.6% of CGI's net assets, a slight decrease from 13.8% at the end of 2024, but an increase from 13.4% at the same time in 2024. The closing price for CGI's common shares on June 30, 2025, was $39.00, resulting in year-to-date and 12-month share price returns, including dividends reinvested, of -2.3% and 11.6%, respectively. The sector weightings of CGI's investment portfolio at market value as of June 30, 2025, showed Information Technology leading at 23.3%, followed by Industrials at 21.1% and Financials at 14.1%. Other sectors included Materials at 13.1%, Energy at 12.3%, Consumer Discretionary at 9.5%, Real Estate at 3.9%, Cash & Cash Equivalents at 2.1%, and Communication Services at 0.6%. The top ten investments, making up 37.0% of the portfolio, included NVIDIA Corporation at 4.9%, Celestica Inc. at 4.5%, WSP Global Inc. and Franco-Nevada Corporation both at 3.9%, Canadian Pacific Kansas City Limited at 3.7%, Dollarama Inc. at 3.6%, The Descartes Systems Group Inc. and Mastercard Incorporated both at 3.3%, Shopify Inc. at 3.0%, and Apple Inc. at 2.9%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canadian General Investments Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9489555-en) on July 04, 2025, and is solely responsible for the information contained therein.

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