Canadian General Investments: Investment Update-Unaudited
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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 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%