RNS Number : 0644Z
Canadian General Investments Ld
06 January 2011
NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
January 6, 2011
Canadian General Investments: Investment Update - Unaudited
TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2010 was $24.05, resulting in a one-year NAV return, with dividends reinvested, of 30.3%. This compares with the 17.6% 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, 2010 was $19.18, resulting in an annual market return, with dividends reinvested, of 27.9%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2010 were as follows:
Energy
|
29.7%
|
Materials
|
29.5%
|
Financials
|
14.3%
|
Consumer Discretionary
|
9.7%
|
Information Technology
|
5.5%
|
Industrials
|
5.0%
|
Utilities
|
2.5%
|
Telecommunication Services
|
1.9%
|
Consumer Staples
|
1.2%
|
Transportation & Environment
|
0.5%
|
Cash & Cash Equivalents
|
0.2%
|
The top ten investments which comprised 29.9% of the investment portfolio at market as of December 31, 2010 were as follows:
Pacific Rubiales Energy Corp.
|
4.1%
|
BMTC Group Inc.
|
4.0%
|
Labrador Iron Ore Royalty Corporation
|
4.0%
|
Western Coal Corp.
|
3.1%
|
Brookfield Office Properties Canada
|
2.7%
|
Teck Resources Limited
|
2.5%
|
Bank of Montreal
|
2.4%
|
IMAX Corporation
|
2.4%
|
SXC Health Solutions Corp.
|
2.4%
|
Enbridge Inc.
|
2.3%
|
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.mmainvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
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