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

November 03, 2006 16:47 ET

Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - Nov. 3, 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 October 31, 2006 was $29.69, resulting in year-to-date and 52 week NAV returns, with dividends reinvested, of 17.8% and 33.8%, respectively. This compares with the 9.5% and 18.9% 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 October 31 was $26.60, resulting in year-to-date and 52 week market returns with dividends reinvested of 15.4% and 41.6%, respectively.

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



Financials 27.1%
Materials 20.9%
Energy 20.0%
Industrials 10.2%
Consumer Discretionary 6.4%
Information Technology 4.8%
Telecommunication Services 4.1%
Consumer Staples 3.2%
Health Care 1.6%
Utilities 1.4%
Cash & Cash Equivalents 0.3%


The top ten investments, which comprised 20.0% of the investment portfolio at market, excluding non-convertible preferred shares, as of October 31, 2006 were as follows:



TSX Group Inc. 2.6%
Rogers Communications Inc. 2.6%
Cameco Corporation 2.5%
HudBay Minerals Inc. 2.2%
BPO Properties Ltd. 1.9%
Research In Motion Limited 1.7%
Russel Metals Inc. 1.7%
BMTC Group Inc. 1.6%
First Capital Realty Inc. 1.6%
Skye Resources Inc. 1.6%


Note 1: 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 2.7% of its investment portfolio at October 31, 2006.

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