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You are here: Announcement

Friday 07 January, 2011


RNS Number : 0644Z
Canadian General Investments Ld
06 January 2011
 



NEWS RELEASE TRANSMITTED BY MARKETWIRE

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

 

TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C

LONDON STOCK EXCHANGE: CGI

 

January 6, 2011

 

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 December 31, 2010 was $24.05, resulting in a one-year NAV return, with dividends reinvested, of 30.3%.  This compares with the 17.6% 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, 2010 was $19.18, resulting in an annual market return, with dividends reinvested, of 27.9%.

 

The sector weightings of CGI's investment portfolio at market as of December 31, 2010 were as follows:

 

Energy

29.7%

Materials

29.5%

Financials

14.3%

Consumer Discretionary

9.7%

Information Technology

5.5%

Industrials

5.0%

Utilities

2.5%

Telecommunication Services

1.9%

Consumer Staples

1.2%

Transportation & Environment

0.5%

Cash & Cash Equivalents

0.2%

 

The top ten investments which comprised 29.9% of the investment portfolio at market as of December 31, 2010 were as follows:

 

Pacific Rubiales Energy Corp.

4.1%

BMTC Group Inc.

4.0%

Labrador Iron Ore Royalty Corporation

4.0%

Western Coal Corp.

3.1%

Brookfield Office Properties Canada

2.7%

Teck Resources Limited

2.5%

Bank of Montreal

2.4%

IMAX Corporation

2.4%

SXC Health Solutions Corp.

2.4%

Enbridge Inc.

2.3%

 

 



-30-

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.mmainvestments.com

 

 

                                                 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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