Dividend Declaration

Canadian General Investments Ld
03 December 2003





NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.WT

LONDON STOCK EXCHANGE: CGIq.L, CGIwsq.L

DECEMBER 3, 2003

Canadian General Investments, Limited

Declares a Special Year-End Capital Gains Dividend

TORONTO, CANADA -- Canadian General Investments, Limited today declared a
special cash capital gains dividend of $0.36 per common share. This dividend is
payable on December 31, 2003 to common shareholders of record on December 19,
2003.

The Board of Directors determined to pay this special dividend in recognition of
the strong performance of the portfolio year to date. Including the quarterly
income dividends of $0.06 per common share, total cash dividend payments of
$0.60 per common share in 2003 represent a yield to investors of 5.0% based on
the November month-end closing market price of $12.00.

Canadian General Investments, Limited, established in 1930, is one of Canada's
largest closed-end investment companies with total portfolio assets in excess of
$500 million.


FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan
Vice-President
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com












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