Portfolio Update
Canadian General Investments reported an unaudited net asset value per share of $80.47 as of September 30, 2025. This resulted in year-to-date and 12-month NAV returns, with dividends reinvested, of 17.4% and 25.0%, respectively, compared to the S&P/TSX Composite Index returns of 23.9% and 28.6% for the same periods. The company's leverage, through bank borrowing, represented 11.9% of net assets, a decrease from 13.8% at the end of 2024 and 12.8% at September 30, 2024. The closing price for CGI's common shares was $46.52, yielding year-to-date and 12-month share price returns, with dividends reinvested, of 17.3% and 19.6%, respectively. The top ten investments comprised 38.4% of the investment portfolio.
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LONDON STOCK EXCHANGE: CGI
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 September 30, 2025 was $80.47 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 17.4% and 25.0%, respectively. These compare with the 23.9% and 28.6% 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 September 30, 2025, the leverage represented 11.9% of CGI's net assets, down from 13.8% at the end of 2024 and 12.8% at September 30, 2024.
The closing price for CGI's common shares at September 30, 2025 was $46.52, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 17.3% and 19.6%, respectively.
| Information Technology | 24.7% |
| Industrials | 19.4% |
| Materials | 15.5% |
| Financials | 14.0% |
| Energy | 12.7% |
| Consumer Discretionary | 8.8% |
| Real Estate | 4.0% |
| Communication Services | 0.6% |
| Cash & Cash Equivalents | 0.3% |
The top ten investments which comprised 38.4% of the investment portfolio at market as of September 30, 2025 were as follows:
| Celestica Inc. | 6.4% |
| NVIDIA Corporation | 5.3% |
| Franco-Nevada Corporation | 4.8% |
| Shopify Inc. | 3.5% |
| WSP Global Inc. | 3.4% |
| Canadian Pacific Kansas City Limited | 3.2% |
| Mastercard Incorporated | 3.0% |
| Dollarama Inc. | 3.0% |
| First Quantum Minerals Ltd. | 3.0% |
| Cameco Corporation | 2.8% |
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