Portfolio Update

RNS Number : 6287C

Canadian General Investments Ld

02 May 2012

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

May 2, 2012

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, 2012 was $22.57, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 10.7% and -5.0%, respectively. These compare with the 3.8% and -9.4% 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, 2012 was $16.30, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 2.2% and -11.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of April 30, 2012 were as follows:

Energy	23.2%
Materials	20.9%
Financials	19.6%
Consumer Discretionary	10.2%
Information Technology	9.7%
Industrials	8.8%
Telecommunication Services	3.2%
Utilities	2.9%
Cash & Cash Equivalents	1.2%
Consumer Staples	0.6%

The top ten investments which comprised 33.3% of the investment portfolio at market as of April 30, 2012 were as follows:

Labrador Iron Ore Royalty Corporation	4.4
SXC Health Solutions Corp.	4.3
Enbridge Inc.	3.6
Brookfield Canada Office Properties	3.3
Apple Inc.	3.3
Franco-Nevada Corporation	3.3
Dollarama Inc.	3.2
BMTC Group Inc.	3.0
Bank of Montreal	2.6
Pacific Rubiales Energy Corp.	2.3