Morgan Meighen & Associates
November 28, 2008 – Third Canadian General Investments, Limited (THD) reports on an unaudited basis that its net asset value per share (NAV) at November 28, 2008 was $23.59, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -61.9% and -60.3%, respectively. THD’s returns compare with the -31.2% and -30.3% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for THD's common shares at November 28, 2008 was $18.12, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -62.4% and -64.5%, respectively.
The sector weightings of THD's investment portfolio at market as of November 28, 2008 are as follows:
|
Principal Assets |
56.4% |
|
Canadian Equities & Income Trusts |
26.4% |
|
Cash and Cash Equivalents |
11.5% |
|
Foreign Equities |
5.7% |
The top ten investments, which comprised 69.4% of the investment portfolio at market, excluding non-convertible preferred shares, as of November 30, 2008 are as follows:
|
Canadian General Investments, Limited |
53.3% |
|
Canadian World Fund Limited |
3.3% |
|
Canadian Cash |
2.5% |
|
Ag Growth Income Fund |
1.6% |
|
Ritchie Bros. Aucioneers Incorporated |
1.5% |
|
Canadian Oil Sands Trust |
1.5% |
|
Canadian Natural Resources Limited |
1.5% |
|
Monsanto Company |
1.4% |
|
First Solar, Inc. |
1.4% |
|
Suncor Energy, Inc. |
1.4% |
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