Portfolio Update

RNS Number : 9835M

Canadian General Investments Ld

02 June 2010

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, 2010

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, 2010 was $19.23, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 0.1% and 31.0%, respectively. These compare with the 1.2% and 16.7% 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, 2010 was $15.74, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -0.2% and 38.8%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2010 were as follows:

Energy	23.0%
Materials	22.3%
Financials	16.1%
Cash & Cash Equivalents	10.6%
Consumer Discretionary	8.0%
Information Technology	7.2%
Industrials	6.8%
Telecommunication Services	2.3%
Utilities	1.9%
Consumer Staples	1.8%

The top ten investments which comprised 35.0% of the investment portfolio at market as of May 31, 2010 were as follows:

Canadian Treasury Bills	5.4%
Canadian Cash	5.2%
BMTC Group Inc.	4.2%
Labrador Iron Ore Royalty Income Fund	3.4%
Pacific Rubiales Energy Corp.	3.1%
Brookfield Office Properties Canada	2.9%
Bank of Montreal	2.8%
SXC Health Solutions Corp.	2.8%
Royal Bank of Canada	2.7%
Franco-Nevada Corporation	2.5%