Result of Tender Offer

Canadian General Investments Ld
04 July 2006



FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.PR.C, CGI.WT
LONDON STOCK EXCHANGE: CGI, CGIW


JUNE 30, 2006


  CANADIAN GENERAL INVESTMENTS, LIMITED ANNOUNCES FINAL RESULTS OF SUBSTANTIAL
                                   ISSUER BID


Canadian General Investments, Limited (the 'Company') today announced the final
results of its offer dated May 23, 2006 to purchase all of its outstanding
common share purchase warrants (the 'Warrants'), which expired at 5:00 p.m.
(Toronto time) on June 30, 2006.

The Company confirmed that it will purchase for cancellation 2,979,109 Warrants,
representing 90.6% of its outstanding Warrants, at a price of $22.35 per
Warrant, for a total of $66.6 million. The Warrants being repurchased represent
all validly deposited Warrants under the terms of the offer. After the purchase
and the cancellation of the Warrants exercised on June 30, 2006, approximately
307,673 Warrants will remain outstanding. The final exercise date of the
remaining Warrants is June 30, 2007 and thereafter they will have no value.
Payment for the Warrants deposited and accepted for purchase will be made by
July 6, 2006.

Canadian General Investments, Limited, established in 1930, is one of Canada's
largest closed-end investment companies with total portfolio assets in excess of
$830 million, prior to purchasing the Warrants deposited under the offer.


FOR FURTHER INFORMATION PLEASE CONTACT:


Jonathan A. Morgan
President & CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com


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                      This information is provided by RNS
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