CGI Canadian General Investments Limited

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 June 30, 2023 was $55.66, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 16.4% and 25.6%, respectively. These compare with the 5.7% and 10.4% 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 bank borrowing, with the intent to enhance returns to common shareholders. As at June 30, 2023, the leverage represented 15.1% of CGI’s net assets, up from 14.9% at the end of 2022 and down from 15.4% at June 30, 2022.

The closing price for CGI’s common shares at June 30, 2023 was $34.78, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 11.7%, respectively.

The sector weightings of CGI’s investment portfolio at market as of June 30, 2023 were as follows:

Information Technology	23.4	%
Industrials	21.4	%
Materials	16.4	%
Consumer Discretionary	11.0	%
Energy	10.2	%
Financials	9.6	%
Real Estate	4.7	%
Communication Services	2.0	%
Health Care	0.7	%
Cash & Cash Equivalents	0.6	%

The top ten investments which comprised 41.5% of the investment portfolio at market as of June 30, 2023 were as follows:

NVIDIA Corporation	7.0	%
Canadian Pacific Kansas City Limited	4.6	%
West Fraser Timber Co. Ltd.	4.3	%
First Quantum Minerals Ltd.	4.2	%
Franco-Nevada Corporation	4.1	%
Apple Inc.	4.0	%
TFI International Inc.	4.0	%
The Descartes Systems Group Inc.	3.2	%
WSP Global Inc.	3.1	%
Mastercard Incorporated	3.0	%

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.canadiangeneralinvestments.ca