TORONTO, CANADA, Jan 3, 2008 (Marketwire via COMTEX) -- Canadian General Investments, Limited (CGI: 36.15, +0.12, +0.33%) (TSX:CGI)(TSX:CGI.PR.A)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2007 was $31.89, resulting in a one-year NAV return with dividends reinvested of 7.2% . This compares with the 9.8% 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, 2007 was $28.30, resulting in an annual market return, with dividends reinvested, of 9.5% .
CGI paid regular cash dividends of $0.24 and a special cash capital gains dividend of $1.36 per common share in 2007, representing a yield of 5.65% on the year-end closing market price.
The sector weightings of CGI's investment portfolio at market as of December 31, 2007 were as follows:
Financials 21.3%
Materials 21.2%
Energy 19.9%
Industrials 12.7%
Consumer Discretionary 8.0%
Information Technology 7.0%
Telecommunication Services 3.8%
Consumer Staples 2.8%
Utilities 1.6%
Cash & Cash Equivalents 0.9%
Health Care 0.8%
The top ten investments, which comprised 23.9% of the investment portfolio at market, excluding non-convertible preferred shares, as of December 31, 2007 were as follows:
Research In Motion Limited 4.0%
Urbana Corporation 3.2%
Rogers Communications Inc. 2.6%
TSX Group Inc. 2.3%
Cameco Corporation 2.2%
Labrador Iron Ore Royalty Income Fund 2.1%
BPO Properties Ltd. 2.0%
BMTC Group Inc. 1.9%
Canadian Western Bank 1.9%
Algoma Central Corporation 1.7%
SOURCE: Canadian General Investments, Limited
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX: 5.92, +0.04, +0.67%)
Email: cgifund@mmainvestments.com
Website: www.mmainvestments.com
http://www.foxbusiness.com/markets/industries/finance/article/canadian-general-investments-investment-updateunaudited_423469_9.html
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