TORONTO, CANADA--(MARKET WIRE)--Jan 3, 2008 -- Third Canadian General Investment Trust Limited (Third Canadian) (Toronto:THD.TO - News) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2007 was $62.30, resulting in a one-year NAV return with dividends reinvested of 13.9%. This compares with the 9.8% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The closing price of Third Canadian's common shares at December 31, 2007 was $48.60, resulting in an annual market return, with dividends reinvested, of 4.5%.

The weightings of Third Canadian's investment portfolio at market as of December 31, 2007 were as follows:

 

  Principal Assets                                             61.8%
  Canadian Equities & Income Trusts                            25.5%
  Foreign Equities                                             10.6%
  Cash & Cash Equivalent                                        2.1%

The top ten investments which comprised 72.0% of the investment portfolio at market as of December 31, 2007 were as follows:

 

  Canadian General Investments, Limited                        58.2%
  Canadian World Fund Limited                                   3.6%
  Cash & Cash Equivalents                                       2.1%
  Timminco Limited                                              1.5%
  Equinox Minerals Limited                                      1.4%
  Sceptre Investment Counsel Limited                            1.2%
  Freeport-McMoRan Copper & Gold Inc.                           1.1%
  Ag Growth Income Fund                                         1.0%
  The Mosaic Company                                            1.0%
  Apple Inc.                                                    0.9%

     Contacts:
     Third Canadian General Investment Trust Limited
     Jonathan A. Morgan
     President & CEO
     (416) 366-2931
     (416) 366-2729 (FAX)
     Email: thdfund@mmainvestments.com
     Website: http://www.mmainvestments.com