Canadian General Investments, Limited
TSX : CGI.PR.A
TSX : CGI.WT
TSX : CGI
TSX : CGI.PR.B
LSE : CGI
LSE : CGIW

Canadian General Investments, Limited

June 03, 2005 13:59 ET

Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - June 3, 2005) - Canadian General Investments, Limited (CGI) (TSX:CGI)(TSX:CGI.PR.A)(TSX:CGI.WT)(TSX:CGI.PR.B)(LSE:CGI)(LSE:CGIW) reports on an unaudited basis that its diluted net asset value per share (NAV) at May 31, 2005 was $21.58, resulting in a year-to-date NAV return, with dividends reinvested, of 4.8%. This compares with the 4.6% return of the benchmark S&P/TSX Composite Total Return Index for the same period. The year-to-date market return for CGI's common shares to May 31, with dividends reinvested, was 13.2%.

For the 12 months ended May 31, 2005, CGI's NAV and market returns were 28.2% and 41.8%, respectively. The benchmark posted 16.2% for the same period.



The sector weightings of CGI's investment portfolio at market as of
May 31, 2005 were as follows:

Financials 23.2%
Energy 19.0%
Materials 17.7%
Industrials 10.3%
Consumer Discretionary 7.6%
Consumer Staples 6.4%
Telecommunication Services 4.8%
Preferred Shares 3.9%
Information Technology 3.5%
Other 3.6%


The top ten investments, which comprised 19.0% of the investment
portfolio at market, excluding cash and non-convertible preferred
shares, as of May 31, 2005 were as follows:



Cameco Corporation 3.0%
TSX Group Inc. 2.2%
TELUS Corporation 2.1%
Enbridge Inc. 1.9%
Home Capital Group Inc. 1.8%
National Bank of Canada 1.6%
Corby Distilleries Limited 1.6%
TransCanada Corporation 1.6%
Noranda Inc. 1.6%
Research In Motion Limited 1.6%


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