Issue of Debt

Canadian General Investments Ld
03 March 2006









FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


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

LONDON STOCK EXCHANGE: CGI, CGIW


MARCH 3, 2006


TORONTO, CANADA - Canadian General Investments, Limited (the 'Corporation')
announced today that it has completed its public offering of $75 million, ten
year 3.90% Cumulative Redeemable Class A Preference Shares, Series 3 (TSX
symbol: CGI.PR.C). The net proceeds of this offering will be used to augment the
investment portfolio of the Corporation.


Canadian General Investments, Limited, established in 1930, is one of Canada's
largest closed-end investment companies with total portfolio assets in excess of
$850 million, subsequent to the offering.


FOR FURTHER INFORMATION PLEASE CONTACT:


Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.mmainvestments.com


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