CGI Canadian General Investments Ld

Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at August 31, 2023 was $57.57, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 21.6%, respectively. These compare with the 6.9% and 8.5% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at August 31, 2023, the leverage represented 14.6% of CGI’s net assets, down from 14.9% at the end of 2022 and up from 14.4% at August 31, 2022.

The closing price for CGI’s common shares at August 31, 2023 was $36.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 15.3% and 18.0%, respectively.

The sector weightings of CGI’s investment portfolio at market as of August 31, 2023 were as follows:

	Information Technology	23.4	%
	Industrials	22.0	%
	Materials	16.0	%
	Energy	10.9	%
	Consumer Discretionary	10.8	%
	Financials	9.3	%
	Real Estate	4.4	%
	Communication Services	1.8	%
	Cash & Cash Equivalents	0.8	%
	Health Care	0.6	%

The top ten investments which comprised 42.2% of the investment portfolio at market as of August 31, 2023 were as follows:

	NVIDIA Corporation	7.4	%
	First Quantum Minerals Ltd.	4.7	%
	TFI International Inc.	4.7	%
	Canadian Pacific Kansas City Limited	4.5	%
	Franco-Nevada Corporation	4.1	%
	Apple Inc.	3.8	%
	West Fraser Timber Co. Ltd.	3.7	%
	WSP Global Inc.	3.2	%
	Mastercard Incorporated	3.2	%
	The Descartes Systems Group Inc.	2.9	%

FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.canadiangeneralinvestments.ca