Canadian General Investments: Investment Update - Unaudited

Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2023 was $53.38, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 12.6% and 4.9%, respectively. These compare with the 7.5% and 2.3% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at November 30, 2023, the leverage represented 15.7% of CGI’s net assets, up from 14.9% at the end of 2022 and 13.9% at November 30, 2022.

The closing price for CGI’s common shares at November 30, 2023 was $34.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 0.8%, respectively.

The sector weightings of CGI’s investment portfolio at market as of November 30, 2023 were as follows:

Information Technology	24.5%
Industrials	23.3%
Energy	13.1%
Consumer Discretionary	10.8%
Materials	10.5%
Financials	10.0%
Real Estate	4.4%
Communication Services	2.0%
Health Care	0.8%
Cash & Cash Equivalents	0.6%

The top ten investments which comprised 38.8% of the investment portfolio at market as of November 30, 2023 were as follows:

NVIDIA Corporation	6.7%
TFI International Inc.	4.3%
Canadian Pacific Kansas City Limited	4.3%
Apple Inc.	4.1%
WSP Global Inc.	3.4%
The Descartes Systems Group Inc.	3.4%
Franco-Nevada Corporation	3.4%
Mastercard Incorporated	3.4%
West Fraser Timber Co. Ltd.	3.2%
Shopify Inc.	2.6%

FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: [phone] Fax: [phone] e-mail: [e-mail] website: www.canadiangeneralinvestments.ca