Canadian General Investments, Limited Redeems $75 Million Class A Preference Shares, Series 3 Funded by $75 Million Credit Facility

TORONTO, CANADA--(Marketwired - June 10, 2016) - Canadian General Investments, Limited ("CGI") (TSX:CGI)(TSX:CGI.PR.D)(LSE:CGI) today completed the previously announced redemption of its $75,000,000 3.90% Cumulative Redeemable Class A Preference Shares, Series 3. This redemption was in accordance with the terms of the Series 3 shares.

The aggregate amount of $75,697,200 (including accrued and unpaid dividends from March 15, 2016 to, but excluding, June 10, 2016) was funded primarily through CGI's recently announced $75,000,000 secured credit facility with a Canadian chartered bank. The credit facility is a non-revolving, three-year fixed rate facility that bears interest at 2.28% per annum to be paid quarterly.

CGI has engaged in a leverage strategy since its first issuance of Class A preference shares in 1998 in an effort to enhance returns to common shareholders.