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Canadian General Investments, Limited (CGI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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27.60-0.14 (-0.50%)
As of 9:43AM EDT. Market open.
Full screen
Previous Close27.74
Open27.60
Bid27.46 x 0
Ask27.97 x 0
Day's Range27.60 - 27.60
52 Week Range16.22 - 28.50
Volume200
Avg. Volume4,461
Market Cap575.766M
Beta (5Y Monthly)N/A
PE Ratio (TTM)10.90
EPS (TTM)N/A
Earnings DateAug. 09, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est21.00
  • GlobeNewswire

    Canadian General Investments, Limited Declares Dividend on Series 4 Preference Shares

    TORONTO, Canada, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (TSX:CGI.PR.D) has declared a quarterly dividend on its Series 4 preference shares. A cash dividend of $0.23438 per share is payable on December 15, 2020 to shareholders of the Company’s 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 of record at the close of business on November 30, 2020.This dividend is designated as an "eligible dividend” for purposes of the Income Tax Act (Canada).FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.canadiangeneralinvestments.ca

  • GlobeNewswire

    Canadian General Investments, Limited Declares Dividend on Common Shares

    TORONTO, CANADA, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (“CGI” or “the Company”) (TSX: CGI, CGI.PR.D) (LSE: CGI) has declared a quarterly dividend of $0.21 per share payable on December 15, 2020 to common shareholders of record at the close of business on November 30, 2020 (“the Dividend”). The Dividend is a capital gains dividend for purposes of the Income Tax Act (Canada). Since CGI qualifies as an investment corporation for Canadian income tax purposes, the payment of capital gains dividends allows the Company to recover taxes paid, or payable, on realized capital gains. Non-residents of Canada will not be subject to Canadian withholding tax on the Dividend.CGI is a closed-end equity fund, focused on medium to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.canadiangeneralinvestments.ca

  • GlobeNewswire

    Canadian General Investments: Investment Update - Unaudited

    TORONTO, CANADA, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX: CGI, CGI.PR.D) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at September 30, 2020 was $41.83, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 15.0% and 23.7%, respectively. These compare with the -3.1% and 0.0% 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 preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at September 30, 2020, the combined leverage afforded by both forms of leverage represented 20.1% of CGI’s net assets, down from 22.7% at the end of 2019 and 24.3% at September 30, 2019.The worldwide spread of novel coronavirus (COVID-19) and its impact on such factors as business operations, supply chains, travel, commodity prices and consumer confidence, and the associated impact on domestic and international equity markets and fixed income yields, is expected to continue to have a significant influence on the equity markets and could significantly impact the value of investments held by CGI during 2020, and potentially beyond. While it is too early to predict the overall impact of COVID-19 related factors, during a time of increased uncertainty and volatility, it is to be expected that the financial results could be negatively affected in the near term. Morgan Meighen & Associates Limited, the manager of the Company, will maintain its consistent, steady, long-term approach of holding diversified, appropriate investments, while pursuing selective new opportunities.The closing price for CGI’s common shares at September 30, 2020 was $26.53, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 3.8% and 12.7%, respectively.The sector weightings of CGI’s investment portfolio at market as of September 30, 2020 were as follows: Information Technology29.2%   Industrials19.1%   Consumer Discretionary14.5%   Materials13.7%   Financials7.9%   Energy4.6%   Cash & Cash Equivalents4.4%   Real Estate2.9%   Communication Services2.2%   Health Care0.9%   Utilities0.6%        The top ten investments which comprised 42.2% of the investment portfolio at market as of September 30, 2020 were as follows:  Shopify Inc.8.2%   Franco-Nevada Corporation5.1%   Canadian Pacific Railway Limited4.4%   Cash4.4%   NVIDIA Corporation4.3%   Amazon.com, Inc.4.0%   Mastercard Incorporated3.3%   Apple Inc.3.1%   The Descartes Systems Group Inc.2.9%   Square, Inc.2.5%        FOR FURTHER INFORMATION PLEASE CONTACT: Canadian General Investments, Limited Jonathan A. Morgan President and CEO Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.canadiangeneralinvestments.ca