Canadian General Investments Ld Edison issues review on Canadian General Inv
April 27 2017 - 6:32AM
RNS Non-Regulatory
TIDMCGI
Canadian General Investments Ld
27 April 2017
London, UK, 27 April 2017
Edison issues review on Canadian General Investments (CGI)
Canadian General Investments (CGI) is registered as a Canadian
investment corporation, which confers favourable tax status; it is
listed on both the Toronto and London stock exchanges. Given its
broad exposure to primarily Canadian equities, the fund may be
considered as a 'one-stop-shop' for investment in Canada. CGI's NAV
total return has outperformed the S&P/TSX Composite index
benchmark over one and five years. The manager's high ownership of
CGI ensures that all shareholders' interests are aligned; however,
this may be a factor in the size of the discount. Emphasis is
moving more towards regular, quarterly rather than year-end special
dividends; CGI's current dividend yield is 3.6%.
CGI's shares are currently trading at a discount of 29.2%; this
compares to the averages of the last one, three, five and 10 years
of 30.2%, 28.6%, 28.9% and 24.5% respectively. The discount may
narrow if CGI's relative investment performance continues to
improve or there is increased demand for Canadian equities. CGI is
unable to use share repurchases to help narrow the discount as this
would jeopardise its favourable tax status.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
Contact details: Learn more at www.edisongroup.com and connect
with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
--------- ------------------------------------------------------------
Twitter www.twitter.com/Edison_Inv_Res
--------- ------------------------------------------------------------
YouTube www.youtube.com/edisonitv
--------- ------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRALLFVISIIDFID
(END) Dow Jones Newswires
April 27, 2017 06:32 ET (10:32 GMT)
Canadian General Investm... (LSE:CGI)
Historical Stock Chart
From Apr 2024 to May 2024
Canadian General Investm... (LSE:CGI)
Historical Stock Chart
From May 2023 to May 2024