Dividend Declaration

Canadian General Investments Ld
17 October 2002


Canadian General Investments, Limited
Declares Dividends on Common and Preference Shares

TORONTO, CANADA - Canadian General Investments, Limited has declared quarterly
dividends on its common and preference shares.

A regular quarterly cash dividend of $0.06 per share is payable on December 15,
2002 to common shareholders of record at the close of business on November 29,
2002.

A cash dividend of $0.3375 per share is payable on December 15, 2002 to 
shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference
Shares, Series 1 of record at the close of business on November 29, 2002.

FOR FURTHER INFORMATION PLEASE CONTACT:
Michael A. Smedley
President
Phone:  [phone]
Fax:    [phone]
e-mail:  [e-mail]
website: www.mmainvestments.com


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