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

Canadian General Investments, Limited

June 05, 2006 11:29 ET

Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - June 5, 2006) - Canadian General Investments, Limited (CGI)(TSX:CGI)(TSX:CGI.PR.A)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(TSX:CGI.WT)(LSE:CGI)(LSE:CGIW) reports on an unaudited basis that its diluted net asset value per share (NAV) at May 31, 2006 was $27.55, resulting in year-to-date and 12 month NAV returns, with dividends reinvested, of 9.1% and 34.4%, respectively. This compares with the 5.1% and 24.6% 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 May 31 was $25.41, resulting in year-to-date and 12 month market returns with dividends reinvested of 10.0% and 54.5%, respectively.

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



Financials 28.3%
Energy 20.8%
Materials 18.3%
Industrials 9.2%
Consumer Discretionary 5.3%
Cash & Cash Equivalents 4.1%
Information Technology 4.0%
Consumer Staples 3.0%
Telecommunication Services 3.0%
Health Care 1.5%
Other 2.5%


The top ten investments, which comprised 21.5% of the investment portfolio at market, excluding non-convertible preferred shares, as of May 31, 2006 were as follows:



Cash & Cash Equivalents 4.1%
Falconbridge Limited 2.9%
Cameco Corporation 2.9%
TSX Group Inc. 2.3%
Rogers Communications Inc. 1.7%
BMTC Group Inc. 1.6%
HudBay Minerals Inc. 1.5%
First Capital Realty Inc. 1.5%
GMP Capital Trust 1.5%
Home Capital Group Inc. 1.5%


Note: CGI's investment in the New York Stock Exchange through its holdings in Caldwell New York Limited Partnership and Caldwell New York LP IV represented 2.1% of its investment portfolio at May 31, 2006.



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