Portfolio Update

RNS Number : 8622H

Canadian General Investments Ld

03 June 2011

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

June 3, 2011

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, 2011 was $24.39, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 1.7% and 32.4%, respectively. These compare with the 3.6% and 20.4% 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 May 31, 2011 was $18.86, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -1.4% and 26.4%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2011 were as follows:

Materials	28.7%
Energy	25.6%
Financials	16.1%
Consumer Discretionary	10.1%
Industrials	6.4%
Information Technology	6.3%
Utilities	2.5%
Telecommunication Services	2.0%
Cash & Cash Equivalents	1.5%
Consumer Staples	0.8%

The top ten investments which comprised 29.9% of the investment portfolio at market as of May 31, 2011 were as follows:

Labrador Iron Ore Royalty Corporation	4.3%
BMTC Group Inc.	3.9%
SXC Health Solutions Corp.	3.1%
IMAX Corporation	3.0%
Brookfield Office Properties Canada	2.9%
Pacific Rubiales Energy Corp.	2.8%
Enbridge Inc.	2.6%
Bank of Montreal	2.6%
Blackpearl Resources Inc.	2.5%
Potash Corporation of Saskatchewan Inc.	2.2%