Portfolio Update

RNS Number : 2489T

Canadian General Investments Ld

02 June 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

June 2, 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 May 31, 2009 was $15.31, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 10.5% and -49.3%, respectively. These compare with the 17.2% and -27.0% 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 May 31, 2009 was $11.91, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 31.5% and -51.4%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2009 were as follows:

Energy	22.6%
Materials	18.5%
Cash & Cash Equivalents	16.3%
Financials	16.1%
Industrials	8.8%
Information Technology	5.9%
Consumer Discretionary	4.2%
Telecommunication Services	3.5%
Consumer Staples	3.0%
Utilities	2.0%

The top ten investments which comprised 38.1% of the investment portfolio at market as of May 31, 2009 were as follows:

Canadian Treasury Bills	9.8%
Canadian Cash	6.5%
Franco-Nevada Corporation	3.3%
BMTC Group Inc.	3.3%
Royal Bank of Canada	2.6%
Research In Motion Limited	2.6%
Ritchie Bros. Auctioneers Incorporated	2.6%
Rogers Communications Inc.	2.6%
Labrador Iron Ore Royalty Income Fund	2.4%
Potash Corporation of Saskatchewan Inc.	2.4%