Dundee Securities Corporation

Dundee Securities Corporation

January 30, 2007 17:39 ET

Dundee Securities Corporation and Scotiabank Launch New Series of AdvantagePlus™ Focused Income and Growth Deposit Notes

TORONTO, ONTARIO--(CCNMatthews - Jan. 30, 2007) - Dundee Securities Corporation and Scotiabank have teamed up to launch a new series of AdvantagePlus™ Focused Income and Growth Deposit Notes for Canadian investors seeking a secure investment opportunity with exposure to an income generating portfolio of common stocks and income trusts.

"We are very excited to have worked with Scotiabank to launch these deposit notes," stated Geoff Sinclair, Senior Vice President, Structured Finance and Securitization of Dundee Securities Corporation. "In the current interest rate environment, the combination of income and growth potential, principal protection and low fees make these deposit notes an ideal investment opportunity for conservative Canadian investors."

These deposit notes will be available on a yield basis, where income distributions from the portfolio will be paid out to investors, a return of capital basis, where income distributions received are paid out in a tax-efficient manner, and a total return basis, where income distributions will be reinvested. If held until maturity, the investor is assured of receiving 100% of the invested principal from Scotiabank, the issuer of these deposit notes. With a 5.44% current indicative distribution rate on the portfolio per annum and a 6.5 year term to maturity, the deposit notes are available through a number of investment and mutual fund dealers across Canada, and are being offered for sale until March 23, 2007.

Dundee Securities Corporation is a full service investment dealer that offers capital strength, focus and dedication to its clients through its national network of financial advisors, high net worth portfolio managers, independently thinking research team, client-focused institutional sales and trading department, and innovative investment banking professionals. A member of the Investment Dealers Association of Canada and Canadian Investor Protection Fund, Dundee Securities Corporation is a subsidiary of Canadian owned, TSX listed Dundee Wealth Management Inc. (TSX:DW). Dundee Wealth Management Inc. oversees $57.8 billion in assets under management and administration through independent financial advisors across Canada.

"AdvantagePlus" is a trademark of Dundee Corporation.

Contact Information

  • Dundee Securities Corporation
    Geoff Sinclair, Senior Vice President
    Structured Finance and Securitization
    (416) 840-8155
    Dundee Group of Companies
    Trevor Hampden
    Director, Public Relations
    (416) 365-5002
    Website: www.dundeenotes.com