DundeeWealth Inc.

DundeeWealth Inc.

January 18, 2008 11:52 ET

DundeeWealth Issues Statement

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2008) - DundeeWealth Inc. (TSX:DW) announced today that the process established last fall by its board following receipt of certain unsolicited expressions of interest in acquiring the Company has been terminated.

The Company has been advised by its controlling shareholder that it will not be considering any of the expressions of interest that have been made to date.

DundeeWealth is prepared to reconstitute the independent committee when and if it becomes necessary. The timing and likelihood of such an event is not possible to predict.

DundeeWealth President and Chief Executive Officer, David Goodman said, "We will move forward quickly building on our significant achievements in 2007 not least of which is a year-end net sales record that, exceeding $3 billion, leads all independent fund companies in Canada."

DundeeWealth is a Canadian owned, diversified Wealth Management Company. Through its various subsidiaries DundeeWealth creates innovative asset management, alternative investments and provides investment solutions. In addition, DundeeWealth provides capital markets and advisory services to financial advisors, institutions, corporations and foundations, and provides retail banking services through financial advisors. DundeeWealth oversees $60.5 billion in assets under management and administration through independent financial advisors across Canada. It is listed on the Toronto Stock Exchange (TSX:DW).

Contact Information

  • DundeeWealth Inc.
    Joanne Ferstman
    Executive Vice President & Chief Financial Officer
    (416) 365-5010
    DundeeWealth Inc.
    Robert Pattillo
    Chief Brand & Communications Officer
    (416) 365-6466