Portfolio Update

RNS Number : 3275L

Canadian General Investments Ld

04 May 2010

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

May 4, 2010

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 April 30, 2010 was $21.06, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 9.6% and 58.7%, respectively. These compare with the 4.9% and 34.7% 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 April 30, 2010 was $18.03, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 14.3% and 68.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of April 30, 2010 were as follows:

Materials	27.2%
Energy	27.0%
Financials	16.5%
Consumer Discretionary	7.6%
Industrials	7.3%
Information Technology	6.7%
Cash & Cash Equivalents	2.3%
Telecommunication Services	2.2%
Utilities	1.9%
Consumer Staples	1.7%

The top ten investments which comprised 28.4% of the investment portfolio at market as of April 30, 2010 were as follows:

BMTC Group Inc.	3.9%
Pacific Rubiales Energy Corp.	3.4%
Labrador Iron Ore Royalty Income Fund	3.4%
Royal Bank of Canada	2.9%
BPO Properties Ltd.	2.8%
Bank of Montreal	2.7%
Franco-Nevada Corporation	2.4%
SXC Health Solutions Corp.	2.4%
Enbridge Inc.	2.3%
Rogers Communications Inc.	2.2%