Dividend Declaration

Canadian General Investments Ld
05 December 2007



NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


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


DECEMBER 4, 2007


Canadian General Investments, Limited
Declares a Special Year-End Capital Gains Dividend


TORONTO, CANADA -- Canadian General Investments, Limited today declared a
special cash capital gains dividend of $1.36 per common share. This dividend is
payable on December 28, 2007 to shareholders of record on December 21, 2007.


Including the quarterly income dividends of $0.06 per common share, total cash
dividend payments of $1.60 per common share in 2007 represent a yield to
investors of 5.45% based on the December 3, 2007 closing market price of $29.35.


Canadian General Investments, Limited, established in 1930, is one of Canada's
largest closed-end investment companies with total portfolio assets in excess of
$850 million as at December 3, 2007.


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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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