Canadian General Investments: Investment Update –

TORONTO, Canada, June 05, 2024 — Canadian General Investments, Limited reports on an unaudited basis that its net asset value per share at May 31, 2024 was $61.97, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 12.3% and 20.7%, respectively. These compare with the 7.6% and 17.6% 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 May 31, 2024, the leverage represented 13.5% of CGI’s net assets, down from 15.1% at the end of 2023 and 16.1% at May 31, 2023. The closing price for CGI’s common shares at May 31, 2024 was $37.25, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.7% and 15.1%, respectively.The top ten investments which comprised 38.9% of the investment portfolio at market as of May 31, 2024 were as follows:Fax: 366-2729

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unstable coalitions impact on public policy, investments, warn investment expertsCommentary by Fitch international research company BMI says if the ANC falls below the 50% mark, then it’s likely to pair up with smaller parties, with policy reforms likely on the cards.
Source: ewnupdates - 🏆 30. / 53 Read more »