Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at August 31, 2024 was $63.63 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 15.8% and 12.4%, respectively. These compare with the 13.7% and 18.8% 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 August 31, 2024, the leverage represented 13.2% of CGI’s net assets, down from 15.1% at the end of 2023 and 14.6% at August 31, 2023.

The closing price for CGI’s common shares at August 31, 2024 was $38.05, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 11.8% and 6.2%, respectively.

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

Information Technology 22.9 %
Industrials 22.3 %
Financials 13.5 %
Materials 12.3 %
Energy 12.3 %
Consumer Discretionary 10.1 %
Real Estate 4.4 %
Communication Services 1.5 %
Cash & Cash Equivalents 0.7 %

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

NVIDIA Corporation 6.9 %
TFI International Inc. 4.6 %
Canadian Pacific Kansas City Limited 4.2 %
Apple Inc. 3.9 %
The Descartes Systems Group Inc. 3.6 %
WSP Global Inc. 3.5 %
West Fraser Timber Co. Ltd. 3.3 %
Franco-Nevada Corporation 3.1 %
Mastercard Incorporated 3.1 %
Dollarama Inc. 2.8 %

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

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