Portfolio Update

RNS Number : 1572F

Canadian General Investments Ld

06 January 2010

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

January 6, 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 December 31, 2009 was $19.24, resulting in a one-year NAV return, with dividends reinvested, of 44.0%. This compares with the 35.1% 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 December 31, 2009 was $15.83, resulting in an annual market return, with dividends reinvested, of 82.9%.

The sector weightings of CGI's investment portfolio at market as of December 31, 2009 were as follows:

Materials	27.0%
Energy	24.6%
Financials	17.1%
Industrials	7.0%
Consumer Discretionary	6.7%
Information Technology	5.7%
Cash & Cash Equivalents	4.5%
Consumer Staples	3.3%
Telecommunication Services	2.1%
Utilities	2.0%

The top ten investments which comprised 27.6% of the investment portfolio at market as of December 31, 2009 were as follows:

BMTC Group Inc.	3.5%
Labrador Iron Ore Royalty Income Fund	3.1%
BPO Properties Ltd.	2.9%
Royal Bank of Canada	2.8%
Canadian Treasury Bills	2.7%
Pacific Rubiales Energy Corp.	2.7%
Bank of Montreal	2.5%
Franco-Nevada Corporation	2.5%
Petrobank Energy and Resources Ltd.	2.5%
Enbridge Inc.	2.4%