TORONTO, CANADA -- (Marketwire) -- 04/04/12 -- The following corrects and replaces the release that was disseminated on April 4, 2012 16:34 ET. The dollar amount in the first paragraph ($22.49) has been changed to $22.52 and the year-to-date and 12-month NAV returns, with dividends reinvested (10.3% and -5.7%) have been changed to 10.5% and -5.6% respectively.
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 March 31, 2012 was $22.52, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 10.5% and -5.6%, respectively. These compare with the 4.4% and -9.8% 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 March 31, 2012 was $16.92, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 6.1% and -10.0%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2012 were as follows:
Energy 24.3% Materials 21.7% Financials 19.4% Consumer Discretionary 9.6% Industrials 9.0% Information Technology 9.0% Telecommunication Services 3.3% Utilities 2.8% Cash & Cash Equivalents 0.7% Consumer Staples 0.6%
The top ten investments which comprised 31.6% of the investment portfolio at market as of March 31, 2012 were as follows:
Labrador Iron Ore Royalty Corporation 4.4 SXC Health Solutions Corp. 3.6 Apple Inc. 3.4 Enbridge Inc. 3.4 Franco-Nevada Corporation 3.2 Brookfield Canada Office Properties 3.0 BMTC Group Inc. 2.9 Dollarama Inc. 2.7 Bank of Montreal 2.6 Pacific Rubiales Energy Corp. 2.4
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