Third Canadian General Investment Trust Limited Reports Audited 2008 Financial Results

Abstract

CGI's market return was -67.3%. CGI's value in Third Canadian's portfolio is based on its market price rather than its underlying NAV. CGI's performance suffered primarily as a result of an overweighting of its portfolio in smaller capitalization stocks, which have served to enhance portfolio returns in the past. The leverage employed within its own portfolio, in the form of preference shares, amplified its negative portfolio return.