Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

January 21, 2008 10:20 ET

Dynamic Funds™ Launches Series 5 of Dynamic RetirementEdge Income Portfolios™

Deposit Notes meet the unique needs of investors approaching or in retirement, and Deferred 5 & Deferred 10 are now offered with a guaranteed minimum growth of 5% annually during the accumulation phase(i)

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2008) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), announces the launch of the fifth series of Bank of Montreal Dynamic RetirementEdge Income Portfolios™ ("Deposit Notes"), an investment solution that balances the wealth accumulation and distribution needs of baby boomers.

The Deposit Notes will be available until Friday, March 14, 2008. The Deposit Notes will be issued by Bank of Montreal on or about March 19, 2008 and are 100% eligible for registered plans.

Series 5 will meet the ongoing demand for a portfolio solution that allows investors to benefit from the growth potential of equities, a stable income stream, unique tax efficiencies, systematic asset allocation, and a fixed low annual fee. The new offering builds on the success of the last four series, promoting sound financial planning practices by addressing the long-term needs of investors'.

i) Current Pay Notes™;

- Monthly distributions begin immediately, at an annual rate of 6.6% of the original deposit amount, adjusted for inflation;

- The Deposit Notes mature on March 17, 2023.

ii) Deferred 5 Notes™;

- Guaranteed minimum growth of 5% per year during the accumulation period, for a total of 25%(i);

- Monthly distributions begin in year six, at an annual rate of 8.25% of the original deposit amount until $99 is distributed.

- The Deposit Notes mature on March 15, 2030.

iii) Deferred 10 Notes™;

- Guaranteed minimum growth of 5% per year during the accumulation period, for a total of 50%(i);

- Monthly distributions begin in year 11, at an annual rate of 9.90% of the original deposit amount until $99 is distributed.

- The Deposit Notes mature on March 18, 2033.

Dynamic RetirementEdge Income Portfolios™ Series 5 now invests in ten leading Dynamic funds:



Dynamic Global Dividend Value Fund
Dynamic Value Fund of Canada Dynamic Global Value Fund
Dynamic Dividend Fund Dynamic Global Discovery Fund
Dynamic Power Canadian Growth Fund Dynamic Power Global Growth Class
Dynamic Power Small Cap Fund Dynamic Canadian Bond Fund
Dynamic High Yield Bond Fund


The complete terms of the offerings are set out in the Information Statements dated January 7, 2008 relating to the Deposit Notes.

Goodman & Company, Investment Counsel Ltd. is a leading Canadian asset management company tracing its roots back more than 50 years, with more than $26 billion in assets under management. Goodman & Company offers a wide range of wealth management solutions through registered financial advisors. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds™, the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP™ and Canada Dominion and the high-net investment counsel of Goodman Private Wealth Management. Goodman & Company is a subsidiary of DundeeWealth Inc. (TSX:DW).

The above is for information purposes only and is not, and under no circumstances shall be construed as, an offer to sell or a solicitation to buy the Deposit Notes or as investment advice. The information contained herein is intended to be read in conjunction with the Information Statement and is qualified in its entirety by reference to the applicable Information Statement.

(i)Guarantee of minimum growth is not a guarantee of performance for the underlying Fund Portfolio. The accumulation phase begins on the closing date of the Deposit Notes and continues for 5 years in the case of the Deferred 5 Notes, and for 10 years in the case of the Deferred 10 Notes. During the accumulation phase, all distributions on the Units of the funds will be notionally reinvested in additional Units of the Fund Portfolio and no payments will be made to holders. In the case of Deferred 5 Notes, the Note NAV will be at least $26 on the anniversary date of year 17 and in the case of Deferred 10 Notes, the Note NAV will be at least $51 on the anniversary date of year 20. After such dates, the NAV per Note will continue to depend on the performance of the Fund Portfolio so long as neither an extraordinary event nor capital preservation event occurs ."RetirementEdge Income Portfolios", "Deferred 10 Notes", "Deferred 5 Notes", "Current Pay Notes" are trademarks of BMO Nesbitt Burns Corporation Limited used under license.

The fluctuations in the value of, and the return on, the fund portfolio will directly impact the distributions and return, if any, on the Deposit Notes. It is possible that no return will be paid on the Deposit Notes. The return, if any, on the Deposit Notes will be reduced by applicable fees and trading prior to maturity may be subject to an early trading charge as set out in the applicable Information Statement. Investors should read the Information Statement carefully before investing and discuss the suitability of the Deposit Notes with an Investment Advisor before making any investment decisions.

Bank of Montreal makes no assurances, representations or warranties with respect to the accuracy, reliability or completeness of information contained herein. Furthermore, Bank of Montreal makes no recommendation concerning Dynamic, mutual funds as an asset class or the suitability of investing in securities generally or the Deposit Notes in particular. No person has been authorized to give any information or to make any representation not contained in the Information Statements relating to the Deposit Notes and Bank of Montreal and Goodman & Company do not accept any responsibility for any information not contained in the Information Statements.

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    1-800-268-8186
    Website: www.dynamic.ca
    or
    Myra Reisler
    Media Relations
    (416) 342-1829