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

January 05, 2007 11:01 ET

CORRECTION FROM SOURCE-Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - Jan. 5, 2007) - The following corrects and replaces the release sent on January 4, 2007 at 11:39 am ET. In the first paragraph, the total return of the S&P/TSX Composite Index should read "17.3%" instead of "14.5%". The complete and corrected release follows.

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 December 29, 2006 was $31.39, resulting in a one-year NAV return with dividends reinvested of 29.8%. This compares with the 17.3% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The closing price for CGI's common shares at December 29, 2006 was $27.40, resulting in an annual market return, with dividends reinvested, of 24.5%.

The sector weightings of CGI's investment portfolio at market as of December 29, 2006 were as follows:



Financials 27.6%
Materials 22.8%
Energy 21.1%
Industrials 9.3%
Consumer Discretionary 5.3%
Information Technology 4.0%
Telecommunication Services 3.5%
Consumer Staples 3.1%
Utilities 1.5%
Health Care 1.4%
Cash & Cash Equivalents 0.4%


The top ten investments, which comprised 20.5% of the investment portfolio at market, as of December 29, 2006 were as follows:



Cameco Corporation 2.9%
BPO Properties Ltd. 2.3%
HudBay Minerals Inc. 2.2%
Rogers Communications Inc. 2.2%
TSX Group Inc. 2.1%
Caldwell New York Limited Partnership 2.1%
Research In Motion Limited 1.7%
First Capital Realty Inc. 1.7%
Caldwell New York LP IV 1.7%
Canadian Western Bank 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 3.7% of its investment portfolio at December 29, 2006.

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