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CGI Reports Strong Performance
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Overview
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Canadian General Investments (CGI) discloses strong performance with its net asset value per share reaching $59.95 on February 29, 2024, showcasing robust year-to-date and 12-month returns. The leveraging approach via bank borrowing at 14.0% of net assets is geared towards boosting common shareholders' returns. The closing price of CGI's common shares on the same date stood at $36.91, reflecting solid year-to-date and 12-month share price returns.
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How does CGI's leveraging strategy compare to industry norms and its impact on shareholder returns?
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What factors contributed to the strong financial performance of CGI over the past year?
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