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:
Consumer Discretionary 9.6%
Information Technology 9.0%
Telecommunication Services 3.3%
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
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
(416) 366-2729 (FAX)firstname.lastname@example.org