|By Marketwired .||
|December 10, 2013 12:28 PM EST||
TORONTO, CANADA -- (Marketwired) -- 12/10/13 -- Canadian General Investments, Limited (TSX: CGI) (TSX: CGI.PR.C) (TSX: CGI.PR.D) (LSE: CGI) today declared a special cash capital gains dividend of $0.50 per common share. This dividend is payable on December 27, 2013 to shareholders of record on December 23, 2013.
Including the quarterly dividends of $0.06 per common share for the first three quarters of the year and $0.08 for the fourth quarter, total annual cash dividend payments of $0.76 per common share in 2013 represent a yield to investors of 4.1% based on the December 9, 2013 closing share price of $18.44.
Canadian General Investments, Limited, established in 1930, is one of Canada's largest closed-end investment companies with total portfolio assets in excess of $680 million as at December 9, 2013.