Morgan Meighen & Associates
September 19, 2008 – Third Canadian General Investments, Limited (THD) reports on an unaudited basis that its net asset value per share (NAV) at September 19, 2008 was $43.25, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -30.4% and -24.3%, respectively. THD’s returns compare with the -4.9% and -4.9% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for THD's common shares at September 19 was $30.50, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -36.9% and -38.4%, respectively.
The sector weightings of THD's investment portfolio at market as of August 31, 2008 were as follows:
|
Principal Assets |
56.9% |
|
Canadian Equities & Income Trusts |
32.2% |
|
Foreign Equities |
10.2% |
|
Cash and Cash Equivalents |
0.7% |
The top ten investments, which comprised 69.7% of the investment portfolio at market, excluding non-convertible preferred shares, as of September 19, 2008 were as follows:
|
Canadian General Investments, Limited |
54.9% |
|
Canadian World Fund Limited |
3.1% |
|
Canadian Cash |
2.4% |
|
Xantrex Technology Inc. |
1.5% |
|
The Mosaic Company |
1.5% |
|
Monsanto Company |
1.4% |
| Suncor Energy, Inc. |
1.3% |
|
Vestas Wind Systems A/S |
1.2% |
|
Canadian Imperial Bank of Commerce |
1.2% |
|
Labrador Iron Ore Royalty Income Fund |
1.2% |
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