TORONTO, CANADA--(MARKET WIRE)--Aug 5, 2008 -- Canadian General Investments, Limited (CGI) (Toronto:CGI.TO - News)(Toronto:CGI-PA.TO - News)(Toronto:CGI-PB.TO - News)(Toronto:CGI-PC.TO - News)(LSE:CGI.L - News) reports on an unaudited basis that its net asset value per share (NAV) at July 31, 2008 was $26.24, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -17.5% and -19.7%, respectively. These compare with the -0.2% and 0.6% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The closing price for CGI's common shares at July 31, 2008 was $21.60, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -23.3% and -25.5%, respectively.

The sector weightings of CGI's investment portfolio at market as of July 31, 2008 were as follows:

 

Energy                                                       23.8%
Materials                                                    19.5%
Financials                                                   19.5%
Industrials                                                  12.2%
Information Technology                                        7.0%
Consumer Discretionary                                        6.5%
Consumer Staples                                              3.8%
Telecommunication Services                                    3.6%
Utilities                                                     1.8%
Cash & Cash Equivalents                                       1.4%
Health Care                                                   0.9%

The top ten investments, which comprised 24.1% of the investment portfolio at market, excluding non-convertible preferred shares, as of July 31, 2008 were as follows:

 

Research In Motion Limited                                    5.1%
Labrador Iron Ore Royalty Income Fund                         2.7%
Rogers Communications Inc.                                    2.4%
TMX Group Inc.                                                2.3%
Cameco Corporation                                            2.3%
Enbridge Inc.                                                 2.1%
BPO Properties Ltd.                                           1.9%
Ritchie Bros. Auctioneers Incorporated                        1.9%
Canadian Western Bank                                         1.7%
Urbana Corporation                                            1.7%

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