Canadian General Investments reports unaudited six month financial results.TORONTO--(BUSINESS WIRE)--July 22, 1996--CANADIAN GENERAL INVES INVES Investigation INVES Investigate (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. LONDON STOCK EXCHANGE London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. : CGIN CGIN Cooperative Grocers' Information Network (national co-op association; founded 1997) CGIN cervical glandular intraepithelial neoplasia CGIN Citicorp Global Information Network CGIN Chang Gung Institute of Nursing OTC BULLETIN BOARD OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CGRIF) Per share information reflects a 3 for 1 share subdivision - Record Date May 17, 1996. Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. General Investments, Limited today announced net income of $1,260,000 or $0.09 per share for the six months ended June June: see month. 30, 1996 compared with $1,680,000 or $0.12 per share for the same period last year. Basic net asset value per share at June 30, 1996 was $16.08 compared with $13.74 a year ago, an increase of 17.0 percent. The fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. net asset value per share at June 30, 1996 was $15.62 taking into account the warrants exercisable from the year 2000. The time weighted portfolio return for the six month period was 14.0 percent, outperforming the TSE 300 Total Return Index of 8.2 percent, and the TSE 300 Composite Return of 7.0 percent. Total investments at June 30, 1996 were $224,418,000 compared to $192,516,000 at the same time last year, an increase of 16.6 percent. Regular cash dividends of $0.075 per common share were paid to shareholders during the second quarter of both 1996 and 1995. -0-
Six months ended June 30
1996 1995
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(000's) (000's)
Income
Dividends $ 2,033 $ 2,372
Interest & miscellaneous 311 487
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2,344 2,859
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Expenses
Management fees 1,158 998
Other 300 445
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1,458 1,443
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Net income before taxes 886 1,416
Income tax recovery 374 264
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Net income $ 1,260 $ 1,680
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Net income per share, based on weighted
average number of shares outstanding $0.09 $0.12
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Net asset value per share (basic) 16.08 $13.74
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Weighted average number of shares
outstanding 14,283,678 14,280,948
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Shares outstanding at end of
quarter 14,283,678 14,282,247
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In the United Kingdom, copies of the Corporation's first quarter report will be made available at the U.K. Transfer Agent, R-M Trust Co., Balfour Bal·four , Francis Maitland 1851-1882. Scottish embryologist and zoologist noted for his studies of the development of the urogenital and nervous systems in vertebrates. House, 390 High Road, Ilford, Essex, 1G1 1NQ. Phone 0181-478-1888 CONTACT: Canadian General Investments, Limited Michael A. Smedley, 416/366-2931 |
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