TORONTO - Canadian General Investments, Limited (CGI) (TSX: CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at August 31, 2021 was $60.02, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.4% and 42.3%, respectively.

These compare with the 20.2% and 28.2% 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 preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at August 31, 2021, the combined leverage afforded by both forms of leverage represented 14.0% of CGI's net assets, down from 16.8% at the end of 2020 and 19.6% at August 31, 2020.

The worldwide spread of novel coronavirus (COVID-19) and its impact on such factors as business operations, supply chains, travel, commodity prices and consumer confidence, and the associated impact on domestic and international equity markets and fixed income yields, is expected to continue to have a significant influence on the equity markets and could significantly impact the value of investments held by CGI. Morgan Meighen & Associates Limited, the manager of the Company, will maintain its consistent, steady, long-term approach of holding diversified, appropriate investments, while pursuing selective new opportunities.

The closing price for CGI's common shares at August 31, 2021 was $40.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 16.9% and 47.4%, respectively.

Contact:

Jonathan A. Morgan

Tel: (416) 366-2931

Fax: (416) 366-2729

Email: cgifund@mmainvestments.com

Web: www.canadiangeneralinvestments.ca

(C) 2021 Electronic News Publishing, source ENP Newswire