Morgan Meighen & Associates
October 2, 2007 – Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at September 30, 2007 was $33.65, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.0% and 28.0%, respectively. CGI’s returns compare with the 11.2% and 22.8% 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 September 30 was $28.40, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 4.3% and 21.3%, respectively.
The sector weightings of CGI’s investment portfolio at market as of September 30, 2007 were as follows:
|
Financials |
23.4% |
|
Energy |
21.4% |
|
Materials |
21.3% |
|
Industrials |
10.4% |
|
Consumer Discretionary |
8.1% |
|
Information Technology |
5.1% |
|
Telecommunication Services |
4.2% |
|
Consumer Staples |
2.6% |
|
Utilities |
1.5% |
|
Health Care |
1.0% |
|
Cash & Cash Equivalents |
1.0% |
The top ten investments, which comprised 21.1% of the investment portfolio at market, excluding non-convertible preferred shares, as of September 30, 2007 were as follows:
|
Research In Motion Limited |
3.2% |
|
Rogers Communications Inc. |
2.7% |
|
Cameco Corporation |
2.4% |
|
BPO Properties Ltd. |
2.1% |
|
TSX Group Inc. |
2.0% |
|
BMTC Group Inc. |
1.9% |
|
Thompson Creek Metals Company Inc. |
1.8% |
|
Russel Metals Inc. |
1.7% |
|
HudBay Minerals Inc. |
1.7% |
|
Canadian Western Bank |
1.6% |
Note 1: CGI’s investment in NYSE Euronext, Inc. through its holdings in Caldwell New York Limited Partnership and Caldwell New York LP IV represented 2.4% of its investment portfolio at September 30, 2007.
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