Morgan Meighen & Associates
TORONTO, CANADA--(Marketwire - Jan. 5, 2012) - Canadian General Investments, Limited (CGI) (TSX:CGI)(CGI.PR.B)(CGI.PR.C)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2011 was $20.44, resulting in a one-year NAV return, with dividends reinvested, of -11.7%. This compares with the -8.7% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The closing price for CGI's common shares at December 31, 2011 was $16.00, resulting in an annual market return, with dividends reinvested, of -12.3%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2011 were as follows:
Energy 26.0%
Materials 21.8%
Financials 19.5%
Consumer Discretionary 9.4%
Industrials 7.4%
Information Technology 7.4%
Telecommunication Services 3.4%
Utilities 2.9%
Consumer Staples 0.8%
Health Care 0.7%
Cash & Cash Equivalents 0.7%
The top ten investments which comprised 32.8% of the investment portfolio at
market as of December 31, 2011 were as follows:
Labrador Iron Ore Royalty Corporation 5.1%
BMTC Group Inc. 4.2%
Enbridge Inc. 3.6%
SXC Health Solutions Corp. 3.3%
Brookfield Office Properties Canada 3.3%
Dollarama Inc. 2.8%
Apple Inc. 2.8%
Bank of Montreal 2.7%
Franco-Nevada Corporation 2.5%
Rogers Communications Inc. 2.5%
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