{"id":392089,"date":"2020-12-02T15:12:12","date_gmt":"2020-12-02T20:12:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392089"},"modified":"2020-12-02T15:12:12","modified_gmt":"2020-12-02T20:12:12","slug":"canadian-general-investments-investment-update-unaudited-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/","title":{"rendered":"Canadian General Investments: Investment Update \u2013 Unaudited"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Canada, Dec.  02, 2020  (GLOBE NEWSWIRE) &#8212; Canadian General Investments, Limited (TSX: CGI, CGI.PR.D) (LSE: CGI)\u00a0reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2020 was $47.40, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 30.9% and 33.8%, respectively. These compare with the 3.8% and 4.3% returns of the benchmark S&amp;P\/TSX Composite Index on a total return basis for the same periods.<\/p>\n<p align=\"justify\">The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at November 30, 2020, the combined leverage afforded by both forms of leverage represented 17.7% of CGI\u2019s net assets, down from 22.7% at the end of 2019 and 23.2% at November 30, 2019.<\/p>\n<p align=\"justify\">The worldwide spread of novel coronavirus (COVID-19) and its impact on such factors as business operations, supply chains, travel, commodity prices and consumer confidence, and the associated impact on domestic and international equity markets and fixed income yields, is expected to continue to have a significant influence on the equity markets and could significantly impact the value of investments held by CGI. Morgan Meighen &amp; Associates Limited, the manager of the Company, will maintain its consistent, steady, long-term approach of holding diversified, appropriate investments, while pursuing selective new opportunities.<\/p>\n<p align=\"justify\">The closing price for CGI\u2019s common shares at November 30, 2020 was $32.20, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 26.8% and 36.7%, respectively.<\/p>\n<p align=\"justify\">The sector weightings of CGI\u2019s investment portfolio at market as of November 30, 2020 were as follows:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:25%;width:25%;min-width:25%;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:35%;width:35%;min-width:35%;text-align: left;vertical-align: middle;vertical-align: middle\">Information Technology<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;text-align: right;vertical-align: middle;vertical-align: middle\">28.0%<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Industrials<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">20.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Materials<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">15.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Consumer Discretionary<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">13.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Financials<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">9.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Energy<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">4.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Real Estate<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">3.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Communication Services<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Health Care<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">1.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Cash &amp; Cash Equivalents<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">0.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Utilities<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">0.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The top ten investments which comprised 37.2% of the investment portfolio at market as of November 30, 2020 were as follows:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:25%;width:25%;min-width:25%;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:35%;width:35%;min-width:35%;text-align: left;vertical-align: middle;vertical-align: middle\">Shopify Inc.<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;text-align: right;vertical-align: middle;vertical-align: middle\">7.5%<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Franco-Nevada Corporation<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">4.3%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Canadian Pacific Railway Limited<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">4.1%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">NVIDIA Corporation<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">3.8%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Amazon.com, Inc.<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">3.5%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Mastercard Incorporated<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.9%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">First Quantum Minerals Ltd.<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.8%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Square, Inc.<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.8%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Apple Inc.<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.8%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">Lightspeed POS Inc.<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2.7%<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">FOR FURTHER INFORMATION PLEASE CONTACT:<br \/> Canadian General Investments, Limited<br \/> Jonathan A. Morgan<br \/> President and CEO<br \/> Phone: (416) 366-2931<br \/> Fax: (416) 366-2729<br \/> e-mail: <a href=\"mailto:cgifund@mmainvestments.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>cgifund@mmainvestments.com<\/u><\/a><br \/> website: <u><a href=\"http:\/\/www.canadiangeneralinvestments.ca\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.canadiangeneralinvestments.ca<\/a><\/u><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTc2MSMzODUzNjExIzIwOTMwMjE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ff3f8a3f-e862-4137-9dfe-24740bf63e3b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Canada, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Canadian General Investments, Limited (TSX: CGI, CGI.PR.D) (LSE: CGI)\u00a0reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2020 was $47.40, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 30.9% and 33.8%, respectively. These compare with the 3.8% and 4.3% returns of the benchmark S&amp;P\/TSX Composite Index on a total return basis for the same periods. The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at November 30, 2020, the combined leverage afforded by both forms of leverage represented 17.7% of CGI\u2019s net assets, down from 22.7% at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canadian General Investments: Investment Update \u2013 Unaudited&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392089","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian General Investments: Investment Update \u2013 Unaudited - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian General Investments: Investment Update \u2013 Unaudited - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Canada, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Canadian General Investments, Limited (TSX: CGI, CGI.PR.D) (LSE: CGI)\u00a0reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2020 was $47.40, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 30.9% and 33.8%, respectively. These compare with the 3.8% and 4.3% returns of the benchmark S&amp;P\/TSX Composite Index on a total return basis for the same periods. The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at November 30, 2020, the combined leverage afforded by both forms of leverage represented 17.7% of CGI\u2019s net assets, down from 22.7% at &hellip; Continue reading &quot;Canadian General Investments: Investment Update \u2013 Unaudited&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T20:12:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTc2MSMzODUzNjExIzIwOTMwMjE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Canadian General Investments: Investment Update \u2013 Unaudited\",\"datePublished\":\"2020-12-02T20:12:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NTc2MSMzODUzNjExIzIwOTMwMjE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadian-general-investments-investment-update-unaudited-4\\\/\",\"name\":\"Canadian General Investments: Investment Update \u2013 Unaudited - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/","og_locale":"en_US","og_type":"article","og_title":"Canadian General Investments: Investment Update \u2013 Unaudited - Market Newsdesk","og_description":"TORONTO, Canada, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Canadian General Investments, Limited (TSX: CGI, CGI.PR.D) (LSE: CGI)\u00a0reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2020 was $47.40, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 30.9% and 33.8%, respectively. These compare with the 3.8% and 4.3% returns of the benchmark S&amp;P\/TSX Composite Index on a total return basis for the same periods. The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at November 30, 2020, the combined leverage afforded by both forms of leverage represented 17.7% of CGI\u2019s net assets, down from 22.7% at &hellip; Continue reading \"Canadian General Investments: Investment Update \u2013 Unaudited\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-02T20:12:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTc2MSMzODUzNjExIzIwOTMwMjE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Canadian General Investments: Investment Update \u2013 Unaudited","datePublished":"2020-12-02T20:12:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/"},"wordCount":346,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTc2MSMzODUzNjExIzIwOTMwMjE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-general-investments-investment-update-unaudited-4\/","name":"Canadian General Investments: Investment Update \u2013 Unaudited - 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