Dividend Declaration - Preference Shares

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOL: CGI.PR.D

October 16, 2019

Canadian General Investments, Limited

Declares Dividend on Series 4 Preference Shares

TORONTO, CANADA -- Canadian General Investments, Limited has declared a quarterly dividend on its Series 4 preference shares.

A cash dividend of $0.23438 per share is payable on December 15, 2019 to shareholders of the Company's 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 of record at the close of business on November 29, 2019.

This dividend is designated as an "eligible dividend" for purposes of the Income Tax Act (Canada).

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.canadiangeneralinvestments.ca