CGI Canadian General Investments Limited

Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2024 was $62.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.4% and 22.2%, respectively. These compare with the 6.6% and 14.0% 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 March 31, 2024, the leverage represented 13.4% of CGI’s net assets, down from 15.1% at the end of 2023 and 16.0% at March 31, 2023.

The closing price for CGI’s common shares at March 31, 2024 was $37.69, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 9.3% and 17.3%, respectively.

The sector weightings of CGI’s investment portfolio at market as of March 31, 2024 were as follows:

Industrials	24.7	%
Information Technology	21.0	%
Energy	13.5	%
Financials	13.0	%
Materials	10.6	%
Consumer Discretionary	9.6	%
Real Estate	4.2	%
Cash & Cash Equivalents	1.8	%
Communication Services	1.6	%

The top ten investments which comprised 39.0% of the investment portfolio at market as of March 31, 2024 were as follows:

NVIDIA Corporation	7.1	%
TFI International Inc.	5.1	%
Canadian Pacific Kansas City Limited	4.6	%
WSP Global Inc.	3.6	%
The Descartes Systems Group Inc.	3.3	%
West Fraser Timber Co. Ltd.	3.3	%
Mastercard Incorporated	3.2	%
Franco-Nevada Corporation	3.1	%
Apple Inc.	3.0	%
Amazon.com, Inc.	2.7	%

FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.canadiangeneralinvestments.ca