RNS Number : 1023V
Canadian General Investments Ld
05 January 2012
NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
January 5, 2012
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, 2011 was $20.44, resulting in a one-year NAV return, with dividends reinvested, of -11.7%. This compares with the -8.7% 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, 2011 was $16.00, resulting in an annual market return, with dividends reinvested, of -12.3%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2011 were as follows:
|
Energy
|
26.0%
|
|
Materials
|
21.8%
|
|
Financials
|
19.5%
|
|
Consumer Discretionary
|
9.4%
|
|
Industrials
|
7.4%
|
|
Information Technology
|
7.4%
|
|
Telecommunication Services
|
3.4%
|
|
Utilities
|
2.9%
|
|
Consumer Staples
|
0.8%
|
|
Health Care
|
0.7%
|
|
Cash & Cash Equivalents
|
0.7%
|
The top ten investments which comprised 32.8% of the investment portfolio at market as of December 31, 2011 were as follows:
|
Labrador Iron Ore Royalty Corporation
|
5.1%
|
|
BMTC Group Inc.
|
4.2%
|
|
Enbridge Inc.
|
3.6%
|
|
SXC Health Solutions Corp.
|
3.3%
|
|
Brookfield Office Properties Canada
|
3.3%
|
|
Dollarama Inc.
|
2.8%
|
|
Apple Inc.
|
2.8%
|
|
Bank of Montreal
|
2.7%
|
|
Franco-Nevada Corporation
|
2.5%
|
|
Rogers Communications Inc.
|
2.5%
|
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Vanessa L. Morgan
Chairman
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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