TORONTO, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (TSX:CGI) (TSX:CGI.PR.D) (LSE:CGI) (“CGI” or
“the Company”) has declared a quarterly dividend of $0.18 per share payable on December 15, 2017 to common shareholders of record
at the close of business on November 30, 2017 (“the Dividend”). 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 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.
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
