Canadian General Investments, Limited (TSX: CGI / LSE: CGI) has released its unaudited investment update for August 31, 2026, reporting a net asset value per share of $88.50. The closed-end fund posted a 12-month NAV return of 17.0% with dividends reinvested, trailing the S&P/TSX Composite Index's 29.9% total return over the same period. The update also reveals portfolio sector weightings and top holdings, offering investors a current snapshot of the fund's positioning.

Key Points

  • Canadian General Investments, Limited (TSX: CGI / LSE: CGI) is a Toronto-based closed-end investment fund.
  • Unaudited NAV per share stood at $88.50 as at August 31, 2026, with a year-to-date NAV return of 10.9% and a 12-month return of 17.0%, dividends reinvested.
  • The fund's common shares closed at $53.43 on August 31, 2026, delivering a 12-month share price return of 29.2% with dividends reinvested; leverage stood at 12.2% of net assets.
  • Investors may watch how CGI's leverage strategy and sector weightings evolve relative to the benchmark S&P/TSX Composite Index.

CGI NAV and Share Price Returns Versus the S&P/TSX Benchmark

On an unaudited basis, CGI's NAV per share of $88.50 at August 31, 2026 translated into a year-to-date NAV return of 10.9% and a 12-month NAV return of 17.0%, both calculated with dividends reinvested. These figures compare with the S&P/TSX Composite Index's total returns of 16.0% year-to-date and 29.9% over 12 months. The fund's common share price closed at $53.43, producing year-to-date and 12-month share price returns of 15.1% and 29.2%, respectively, with dividends reinvested, the announcement states.

Leverage Strategy and Bank Borrowing Level at Month-End

CGI employs a leveraging strategy through bank borrowing with the stated intent of enhancing returns to common shareholders. As at August 31, 2026, leverage represented 12.2% of CGI's net assets. The release notes this is up from 11.9% recorded at the end of 2025 and down from 12.5% at August 31, 2025. Investors may view the slight year-over-year reduction in leverage as a modest de-risking signal, though the fund's disclosed objective remains to use borrowing to amplify shareholder returns over time.

Top Holdings and Sector Weightings Across CGI's Portfolio

Industrials represented the largest sector weighting at 20.3% of the portfolio at market, followed by Information Technology at 18.7% and Materials at 18.4%. Energy accounted for 16.4% and Financials for 13.5%. The top ten investments comprised 37.6% of the portfolio, led by Franco-Nevada Corporation at 5.1%, NVIDIA Corporation at 4.9%, and Celestica Inc. at 4.4%. Other top holdings included First Quantum Minerals, Canadian Pacific Kansas City, Royal Bank of Canada, TFI International, Bank of Montreal, Shopify, and Cameco Corporation.