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

Marketwired

TORONTO, CANADA--(Marketwire - Oct. 4, 2012) - The following corrects and replaces the press release issued at 11:12 ET on October 3, 2012 which reported incorrect year-to-date and 12-month net asset value returns for Canadian General Investments, Limited.

Canadian General Investments, Limited (CGI) (CGI.TO)(CGI-PB.TO)(CGI-PC.TO)(CGI.L) reports on an unaudited basis that its net asset value per share (NAV) at September 30, 2012 was $22.07, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.9% and 18.2%, respectively. These compare with the 5.4% and 9.2% 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 September 30, 2012 was $15.47, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -2.2% and 5.8%, respectively.

The sector weightings of CGI's investment portfolio at market as of September 30, 2012 were as follows:

Energy 22.0%

Materials 21.3%

Financials 20.1%

Consumer Discretionary 9.6%

Industrials 8.4%

Information Technology 6.0%

Health Care 4.7%

Telecommunication Services 3.5%

Utilities 2.9%

Cash & Cash Equivalents 0.9%

Consumer Staples 0.6%

The top ten investments which comprised 34.7% of the investment portfolio at

market as of September 30, 2012 were as follows:

Catamaran Corporation 4.7%

Franco-Nevada Corporation 4.3%

Labrador Iron Ore Royalty

Corporation 3.8%

Apple Inc.     3.8%

Dollarama Inc.     3.8%

Brookfield Canada Office Properties 3.6%

Enbridge Inc.     3.4%

Bank of Montreal 2.6%

BMTC Group Inc.     2.4%

Rogers Communications Inc.     2.3%

Contact:
Vanessa L. Morgan
Canadian General Investments, Limited
Chairman
(416) 366-2931
(416) 366-2729 (FAX)
cgifund@mmainvestments.com
www.mmainvestments.com

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