TORONTO, CANADA - (Marketwire - Dec. 3, 2008) - Canadian General Investments, Limited (CGI) (TSX:CGI)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2008 was $13.68, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -56.7% and -55.3%, respectively. These 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 CGI's common shares at November 30, 2008 was $9.45, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -66.1% and -65.7%, respectively.
The sector weightings of CGI's investment portfolio at market as of November 30, 2008 were as follows:
Energy 18.4%
Cash & Cash Equivalents 16.2%
Financials 14.9%
Industrials 11.0%
Consumer Discretionary 10.1%
Materials 9.2%
Telecommunication Services 7.6%
Consumer Staples 4.6%
Utilities 3.2%
Information Technology 2.1%
The top ten investments, which comprised 40.2% of the investment portfolio at market, excluding non-convertible preferred shares, as of November 30, 2008 were as follows:
Canadian Cash 8.8%
Canadian Treasury Bills 7.4%
Rogers Communications Inc. 4.1%
BMTC Group Inc. 3.4%
TransCanada Corporation 3.2%
Enbridge Inc. 3.2%
Ritchie Bros. Auctioneers Incorporated 3.0%
Bombardier Inc. 2.5%
Shaw Communications Inc. 2.4%
Labrador Iron Ore Royalty Income Fund 2.2%
Website: www.mmainvestments.com
Tags: ,Financial Services,Personal Finance,STOCK/OTHER MARKET NEWS
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