Holding(s) in Company

Canadian General Investments Ld
06 April 2006


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS


FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


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

LONDON STOCK EXCHANGE: CGI, CGIW


April 6, 2006


Canadian General Investments: Investment Update - Unaudited

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its diluted net asset value per share (NAV) at March 31,
2006 was $28.79, resulting in a year-to-date NAV return, with dividends
reinvested, of 13.7%. This compares with the 8.0% return of the benchmark S&P/
TSX Composite Index on a total return basis for the same period.

The closing price for CGI's common shares at March 31 was $27.80, resulting in a
12 month market return with dividends reinvested of 72.8%. The benchmark posted
28.4% for the same period.

The sector weightings of CGI's investment portfolio at market as of March 31,
2006 were as follows:

Financials                                                                30.5%
Energy                                                                    21.9%
Materials                                                                 16.7%
Industrials                                                                8.9%
Consumer Discretionary                                                     5.6%
Information Technology                                                     4.2%
Consumer Staples                                                           3.6%
Telecommunication Services                                                 3.2%
Health Care                                                                1.8%
Preferred Shares                                                           1.8%
Other                                                                      1.8%


The top ten investments, which comprised 19.1% of the investment portfolio at
market, excluding non-convertible preferred shares, as of March 31, 2006 were as
follows:

TSX Group Inc.                                                             2.6%
Cameco Corporation                                                         2.6%
Falconbridge Limited                                                       2.1%
Rogers Communications Inc.                                                 2.0%
Research in Motion                                                         1.8%
Home Capital Group Inc.                                                    1.8%
Caldwell New York Limited Partnership*                                     1.6%
BMTC Group Inc.                                                            1.6%
Corby Distilleries Limited                                                 1.5%
First Capital Realty Inc.                                                  1.5%



*CGI's investment in the New York Stock Exchange, both directly and indirectly
through its holdings in Caldwell New York Limited Partnership and Caldwell New
York LP IV represented 3.3% of its investment portfolio at March 31, 2006.


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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com

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