Preference Dividend

Canadian General Investments Ld 23 October 2000 Canadian General Investments, Limited Declares Quarterly Dividend on Preference Shares TORONTO, CANADA -- Canadian General Investments, Limited has declared a quarterly dividend on its 5.40% Cumulative Redeemable Class A Preference Shares, Series 1. The dividend of $0.3375 per share is payable on December 15, 2000 to shareholders of record on November 30, 2000. FOR FURTHER INFORMATION PLEASE CONTACT: Canadian General Investments, Limited Michael A. Smedley President Phone: (416) 366-2931 Fax: (416) 366-2729 e-mail: cgifund@mmainvestments.com website: www.mmainvestments.com
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