TORONTO, CANADA -- (MARKET WIRE) -- 10/25/06 -- Canadian General Investments, Limited (TSX: CGI)(TSX: CGI.PR.A)(TSX: CGI.PR.B)(TSX: CGI.PR.C)(TSX: CGI.WT) (LSE: CGI)(LSE: CGIW) has declared quarterly dividends on its common and preference shares.

A regular quarterly cash dividend of $0.06 per share is payable on December 15, 2006 to common shareholders of record at the close of business on November 30, 2006.

A cash dividend of $0.3375 per share is payable on December 15, 2006 to shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference Shares, Series 1 of record at the close of business on November 30, 2006.

A cash dividend of $0.290625 per share is payable on December 15, 2006 to shareholders of the Corporation's 4.65% Cumulative Redeemable Class A Preference Shares, Series 2 of record at the close of business on November 30, 2006.

A cash dividend of $0.24375 per share is payable on December 15, 2006 to shareholders of the Corporation's 3.90% Cumulative Redeemable Class A Preference Shares, Series 3 of record at the close of business on November 30, 2006.

Contacts:
Canadian General Investments, Limited
Jonathan A. Morgan
President & CEO
(416) 366-2931
(416) 366-2729 (FAX)
Email: cgifund@mmainvestments.com
Website: www.mmainvestments.com