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Canadian General Investments: Investment Update - Unaudited

TORONTO, Canada, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (CGI.TO) (TSX:CGI.PR.D) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2019 was $36.98, resulting in a one-year NAV return, with dividends reinvested, of 31.0%. This compares with the 22.9% 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, 2019 was $26.21, resulting in an annual share price return, with dividends reinvested, of 32.1%.

The sector weightings of CGI’s investment portfolio at market as of December 31, 2019 were as follows:

Information Technology 22.9 %
Industrials 19.0 %
Consumer Discretionary 14.8 %
Materials 14.4 %
Financials 10.0 %
Energy 8.5 %
Communication Services 2.9 %
Real Estate 2.8 %
Cash & Cash Equivalents 2.2 %
Health Care 1.7 %
Utilities 0.8 %

The top ten investments which comprised 35.5% of the investment portfolio at market as of December 31, 2019 were as follows:

Shopify Inc. 4.9 %
Air Canada 4.7 %
Franco-Nevada Corporation 4.1 %
Canadian Pacific Railway Limited 4.0 %
Mastercard Incorporated, class A 3.9 %
Bank of Montreal 2.9 %
Amazon.com, Inc. 2.9 %
NVIDIA Corporation 2.9 %
Royal Bank of Canada 2.7 %
First Quantum Minerals Ltd. 2.5 %


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