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

July 11, 2005 11:32 ET

Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - July 11, 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 June 30, 2005 was $22.26, resulting in a year-to-date NAV return, with dividends reinvested, of 8.1%. This compares with the 8.1% 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 June 30, with dividends reinvested, was 20.7%.

For the 12 months ended June 30, 2005, CGI's NAV and market returns were 30.0% and 49.0%, respectively. The benchmark posted 18.0% for the same period.

The sector weightings of CGI's investment portfolio at market as of June 30, 2005 were as follows:



Energy 26.6%
Financials 22.8%
Materials 11.5%
Industrials 8.9%
Consumer Discretionary 8.6%
Consumer Staples 6.2%
Telecommunication Services 4.8%
Preferred Shares 3.8%
Information Technology 3.2%
Other 3.6%

The top ten investments, which comprised 19.3% of the investment
Portfolio at market, excluding cash and non-convertible preferred
shares, as of June 30, 2005 were as follows:

Cameco Corporation 3.1%
TSX Group Inc. 2.3%
TELUS Corporation 2.1%
Enbridge Inc. 2.0%
Home Capital Group Inc. 1.9%
National Bank of Canada 1.7%
Corby Distilleries Limited 1.6%
BMTC Group Inc. 1.6%
TransCanada Corporation 1.5%
Husky Energy Inc. 1.5%



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