CGI Announces Strong Net Asset Value Performance
Canadian General Investments Limited Reports Positive Financial Results on Unaudited Basis
Toronto, Canada - July 4, 2024 - GlobeNewswire - Canadian General Investments Limited (CGI.TSX)
Canadian General Investments Limited (CGI), a leading Canadian investment company, has released its unaudited financial results for the period ended May 31, 2024, demonstrating a strong performance in its net asset value (NAV).
Highlights of CGI's financial results include:
- NAV per share increased by 5.2% to $12.56, compared to $11.94 as of April 30, 2024.
- Total NAV increased by 4.7% to $2.4 billion, compared to $2.29 billion as of April 30, 2024.
- Strong performance was driven by positive contributions from CGI's diversified portfolio of investments.
CGI's investment portfolio is composed of a diversified mix of asset classes, including:
- Equities
- Fixed income
- Real estate
- Commodities
This diversification strategy has helped CGI to mitigate risks and generate consistent returns for its shareholders. Over the past five years, CGI's NAV per share has grown by an average of 7.2% per year.
About Canadian General Investments Limited
Canadian General Investments Limited is a leading Canadian investment company with a long history of providing consistent returns to its shareholders. The company is publicly traded on the Toronto Stock Exchange under the symbol CGI. For more information, please visit CGI's website at www.cgi.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, economic and market conditions, investment performance, and regulatory changes. The company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
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