Final Results

Canadian General Investments Ld
08 February 2006



NEWS RELEASE TRANSMITTED BY CCN MATTHEWS


FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.WT

LONDON STOCK EXCHANGE: CGI, CGIW


FEBRUARY 7, 2006


Canadian General Investments Reports 2005 Results


TORONTO, CANADA - Canadian General Investments, Limited (CGI) fittingly
celebrated its 75th anniversary year in 2005 with its third consecutive year of
being among the top performing general equities funds in Canada. CGI's
performance places it in the top ten Canadian equity funds for 2005. CGI's
diluted net asset value per share (NAV) return for the year, with dividends
reinvested, was 28.8%. By comparison, the benchmark S&P/TSX Composite Index (S&P
/TSX) total return for 2005 was 24.1%. As a result of a significant decrease in
the discount on the Corporation's shares from NAV, CGI's market return,
including reinvestment of dividends, to common shareholders for the same period
was a stellar 58.9%.


Although strong performance was achieved across a broad range of stocks in CGI's
investment portfolio, the maintenance of an overweighting in Energy relative to
the S&P/TSX for most of the year, as well as the leverage provided by the $135
million in the Corporation's preference shares, were the primary contributors to
CGI's overall return and out-performance of the S&P/TSX. At December 31, 2005,
net assets were $588,146,000, up 23.6% from the 2004 year-end value of
$475,976,000. The corresponding NAVs at December 31, 2005 and December 31, 2004
were $25.37 and $20.71.


In addition to the payment of four regular quarterly income (taxable) dividends
of $0.06 per common share, CGI paid a year-end special capital gains dividend of
$1.00 per common share on December 30th. Based on the year-end common share
price of $23.20, total dividend payments during 2005 represented a yield of
5.3%.


As a result of cash dividends paid in excess of net income during 2005, the
exercise price of CGI's outstanding warrants was reduced to $4.12 from $5.22 per
common share effective February 7, 2006 pursuant to the warrant indenture.


CGI is a closed-end equity fund, focused on medium- to long-term investments in
primarily Canadian corporations. Its objective is to provide better than average
returns to investors through prudent security selection, timely recognition of
capital gains and appropriate income generating instruments.





FINANCIAL HIGHLIGHTS

(in thousands of dollars, except per share amounts)
                                                       Twelve Months Ended
                                                      ---------------------
                                                     -----------   ------------
                                                    December 31,   December 31,
                                                          2005           2004
                                                     -----------   ------------

Net investment income                                        -          2,486
Net gain on investments                                147,362        107,737
                                                       ---------      ---------
Increase in net assets resulting from operations       147,362        110,223

Increase in net assets resulting from operations
per common share - basic                                  7.18           5.38
Increase in net assets resulting from operations
per common share - diluted (for warrants)                 6.43           4.90


                                                             As at
                                                            -------
                                                     ---------   ------------
                                                  December 31,   December 31,
                                                        2005           2004
                                                     ---------   ------------

Net assets                                           588,146        475,976
Net asset value per common share - basic               28.59          23.22
Net asset value per common share - diluted (for
warrants)                                              25.37          20.71



CGI's filings can be accessed at www.sedar.com, or on the Company's website at
www.mmainvestments.com.


In the United Kingdom, copies of the Company's financial reports will be made
available at the U.K. branch transfer agent, Computershare Investor Services
PLC, P.O. Box 82, The Pavilions, Bridgwater Road, Bristol, BS99 7NH. Phone
0117-305-1075.



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FOR FURTHER INFORMATION PLEASE CONTACT:

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




                      This information is provided by RNS
            The company news service from the London Stock Exchange