Canadian General Investments: Investment Update - Unaudited
TORONTO, Canada, Feb. 03, 2023 (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) at January 31, 2023 was $52.99, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 9.8% and -5.9%, respectively.
- TORONTO, Canada, Feb. 03, 2023 (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) at January 31, 2023 was $52.99, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 9.8% and -5.9%, respectively.
- These compare with the 7.4% and 1.6% 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 preference shares and bank borrowing, in an effort to enhance returns to common shareholders.
- The sector weightings of CGI’s investment portfolio at market as of January 31, 2023 were as follows: