Filing a Final Prospectus

Canadian General Investments Ld
10 November 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

November 4, 2003


Canadian General Investments, Limited

Closes $75 Million Preferred Share Public Offering

TORONTO, CANADA -- Canadian General Investments, Limited announced today that it
has completed its public offering of $75 million, ten year 4.65% Cumulative
Redeemable Class A Preference Shares, Series 2 (TSX symbol: CGI.PR.B).

The net proceeds of this offering will be used to augment the investment
portfolio of the Corporation. The Corporation feels that, with interest rates at
historic lows, it is an opportune time to expand its leverage strategy to
enhance potential returns to common shareholders.

Canadian General Investments, Limited, established in 1930, is one of Canada's
largest closed-end investment companies with portfolio assets of over $500
million, subsequent to the offering.

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FOR FURTHER INFORMATION PLEASE CONTACT:

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange