Portfolio Update

RNS Number : 3457V

Canadian General Investments Ld

08 July 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

July 6, 2009

Canadian General Investments: Investment Update - Unaudited

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2009 was $15.61, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.1% and -46.7%, respectively. These compare with the 17.6% and -25.7% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The closing price for CGI's common shares at June 30, 2009 was $12.25, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 35.9% and -47.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of June 30, 2009 were as follows:

Energy	25.2%
Materials	21.5%
Financials	16.2%
Cash & Cash Equivalents	10.3%
Industrials	8.2%
Information Technology	6.3%
Consumer Discretionary	4.0%
Telecommunication Services	3.2%
Consumer Staples	3.0%
Utilities	2.1%

The top ten investments which comprised 32.4% of the investment portfolio at market as of June 30, 2009 were as follows:

Canadian Treasury Bills	8.6%
BMTC Group Inc.	3.1%
Franco-Nevada Corporation	3.0%
Royal Bank of Canada	2.8%
Labrador Iron Ore Royalty Income Fund	2.7%
Bank of Montreal	2.7%
Research In Motion Limited	2.5%
Ritchie Bros. Auctioneers Incorporated	2.4%
Enbridge Inc.	2.3%
Pacific Rubiales Energy Corp.	2.3%