Portfolio Update

RNS Number : 6452R

Canadian General Investments Ld

04 May 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

May 4, 2009

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 April 30, 2009 was $13.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -0.4% and -51.0%, respectively. These compare with the 5.1% and -30.7% 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 April 30, 2009 was $11.27, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 24.4% and -51.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of April 30, 2009 were as follows:

Energy	22.3%
Financials	17.1%
Materials	16.1%
Cash & Cash Equivalents	15.6%
Industrials	9.7%
Information Technology	5.2%
Consumer Discretionary	5.0%
Telecommunication Services	5.0%
Consumer Staples	4.1%
Utilities	2.6%

The top ten investments which comprised 38.9% of the investment portfolio at market as of April 30, 2009 were as follows:

Canadian Treasury Bills	11.0%
Canadian Cash	4.6%
BMTC Group Inc.	3.4%
Ritchie Bros. Auctioneers Incorporated	3.1%
Franco-Nevada Corporation	3.1%
Enbridge Inc.	2.9%
Royal Bank of Canada	2.8%
Research In Motion Limited	2.8%
Rogers Communications Inc.	2.6%
Labrador Iron Ore Royalty Income Fund	2.6%