Mr. Jonathan Morgan reports

CANADIAN GENERAL INVESTMENTS, LIMITED DECLARES DIVIDEND ON COMMON SHARES

Canadian General Investments Ltd. has declared a quarterly dividend of 24 cents per share payable on Dec. 15, 2023, to common shareholders of record at the close of business on Nov. 30, 2023. The dividend is a capital gains dividend for purposes of the Income Tax Act (Canada).

Since CGI qualifies as an investment corporation for Canadian income tax purposes, the payment of capital gains dividends allows the company to recover taxes paid, or payable, on realized capital gains. Non-residents of Canada will not be subject to Canadian withholding tax on the dividend.

CGI is a closed-end equity fund, focused on medium-term to long-term investments in primarily Canadian corporations. Its objective is to provide better-than-average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income-generating instruments.