DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

May 11, 2006 12:12 ET

Dundee Wealth Management Declares Regular Preferred Share Dividend

TORONTO, ONTARIO--(CCNMatthews - May 11, 2006) - Dundee Wealth Management Inc. (TSX:DW) and Dundee Corporation (TSX:DBC.SV.A) announced today that the board of directors of Dundee Corporation has agreed to accept common shares of Dundee Wealth in lieu of payment in cash of a quarterly dividend payable on the 5.4 million $10 par value 6% First Preference Shares, Series X, of Dundee Wealth owned by Dundee Corporation. The dividend of $818,050.20 was declared by the board of directors of Dundee Wealth on May 10, 2006.

The total number of common shares to be issued as payment of the dividend will be based on the closing market price prior to payment, being July 4, 2006. The payment is subject to all necessary regulatory and stock exchange approvals.

Dundee Wealth is a Canadian owned, TSX listed wealth management company that creates innovative asset management and alternative investment products and provides investment management, securities brokerage, financial planning and investment advisory services to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $51.2 billion in assets under management and administration and 1,873 independent financial advisors and 517 insurance agents located in 643 branches across Canada.

Contact Information

  • Joanne Ferstman
    Executive Vice President and Chief Financial Officer
    Dundee Corporation and Dundee Wealth Management Inc.
    (416) 365-5010