Canadian General Investments Reports June 30, 2010 Interim Results

Canadian General Investment, Limited's (CGI)
(TSX:CGI)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) net asset value at June 30, 2010
was $378,050,000, representing a 6.0% decrease from the $402,001,000 at the end
of 2009. CGI's net asset value per share (NAV) at June 30, 2010 was $18.12, down
from $19.27 at year end 2009. The NAV return, with dividends reinvested, for the
six months ended 2009 was -5.4%, compared with a -2.5% total return for the
benchmark S&P/TSX Composite Index.


CGI's underperformance of the benchmark was primarily the result of the leverage
afforded by the $150 million in preference shares the Company has outstanding.
This leverage serves to enhance NAV moves both up and down. The first six months
of 2010 saw the portfolio increase the weighting of cash and short-term
securities, now at 3.3% and 7.6%, respectively. These increasing balances have
been built up to offset a portion of the leverage in an effort to provide
protection to falling markets. A reduction in the weighting of the Materials
sector was the primary result, which dropped from 27.0% at the end of 2009, to
21.5% at June 30, 2010. 


During each of the first two quarters of both 2010 and 2009, CGI paid regular
income dividends of $0.06 per share to its common shareholders.


CGI is a closed-end equity fund, focused on medium to long-term investments in
primarily Canadian corporations. Its objective is to provide better than average
returns to investors through prudent security selection, timely recognition of
capital gains and appropriate income-generating instruments.




FINANCIAL HIGHLIGHTS                                                        
(in thousands of dollars, except per share amounts)                         
                                                                            
                                                For the Six Months Ended    
                                           ---------------------------------
                                            June 30, 2010      June 30, 2009
                                           ---------------------------------
                                                                            
Net investment income (loss)                       (1,478)               582
Net gain (loss) on investments                    (16,697)            33,817
                                           ---------------------------------
Increase (decrease) in net assets                                           
 resulting from operations                        (18,175)            34,399
Increase (decrease) in net assets                                           
 resulting from operations per share                (0.87)              1.65
                                                                            
                                                         As at              
                                           ---------------------------------
                                            June 30, 2010  December 31, 2009
                                           ---------------------------------
                                                                            
Selected data(1)                                                            
------------------------------------                                        
Net asset value                                   378,050            402,001
Net asset value per share                           18.12              19.27
                                                                            
Selected data according to GAAP(1)                                          
------------------------------------                                        
Net assets                                        376,616            399,804
Net assets per share                                18.05              19.17
                                                                            
(1) The Company calculates the net asset value and net asset value per share
on the basis of the valuation principles set out in its annual information  
form. These valuation principles differ from the requirements of Canadian   
generally accepted accounting principles (GAAP), with the main difference   
relating to securities that are listed on a public stock exchange. While the
Company generally values such securities based on the latest sale price,    
GAAP requires the use of the closing bid price. Accordingly, bid prices are 
used in determining net assets and net assets per share for purposes of the 
interim and annual financial statements.                                    



In the United Kingdom, copies of the Company's financial reports will be made
available at the U.K. branch transfer agent, Computershare Investor Services
PLC, P.O. Box 82, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. Phone
0870-702-0000.
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