Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.
DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

November 16, 2007 17:32 ET

Goodman & Company Files Preliminary Prospectus For CMP Gold Trust

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Manager"), manager of the Dynamic family of mutual funds, is pleased to announce that it has filed and received a receipt from securities regulators across Canada for a preliminary prospectus qualifying the initial public offering of the CMP Gold Trust (the "Trust"), a closed-end investment trust. Goodman & Company will be the manager and the trustee of the Trust.

Offering: The offering will consist of units of the Trust ("Unit"), where each Unit consists of one trust unit of the Trust (a "Trust Unit") and one series A trust unit purchase warrant (a "Series A Warrant"). The Trust Units and the Series A Warrants comprising the Units will immediately be separable upon issue. Each Series A Warrant will entitle the holder thereof, upon exercise of such Series A Warrant at an exercise price of $12.00, to acquire one Trust Unit and one-half of one series B trust unit purchase warrant (each whole series B trust unit purchase warrant, a "Series B Warrant"). Each Series A Warrant will be exercisable in accordance with its terms on or after the closing date of the Offering (the "Closing Date") to and including the date that is the third anniversary of the Closing Date (the "Series A Warrant Expiry Date"). Series A Warrants that are not exercised by 5:00 p.m. (Toronto time) on the Series A Warrant Expiry Date will be void and of no value. Each whole Series B Warrant will entitle the holder thereof, upon exercise of such Series B Warrant at an exercise price of $15.00, to acquire one Trust Unit. Each Series B Warrant will be exercisable in accordance with its terms on or prior to the date that is the fifth anniversary of the Closing Date (the "Series B Warrant Expiry Date"). Series B Warrants that are not exercised by 5:00 p.m. (Toronto time) on the Series B Warrant Expiry Date will be void and of no value. Series A Warrants and Series B Warrants are collectively referred to as "Warrants". No fractional Trust Units will be issued upon the exercise of any Warrants. No fractional Series B Warrant will be issued upon any exercise of Series A Warrants and any entitlement to any such fractional Series B Warrant will be terminated at the time of exercise of any such Series A Warrant and no consideration will be payable in lieu thereof.

Offering Price: The offering price is $10.00 per Unit and the minimum purchase is 100 Units ($1000).

Investment Objective: The Trust's investment objective is to provide holders of Trust Units with inflation protection, capital preservation and long-term capital appreciation through investment in a portfolio consisting of precious metals and the securities of issuers engaged in exploration, development, production or marketing of precious metals and other minerals and issuers who provide services or materials to such precious metals and other minerals issuers.

The Manager: Goodman & Company, Investment Counsel Ltd. is a leading Canadian asset management company tracing its roots back 50 years, with more than $26 billion in assets under management. Goodman 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 Resources and the high-net investment counsel of Goodman Private Wealth Management. Goodman & Company is a subsidiary of DundeeWealth Inc. (TSX:DW). The Trust will be managed by a portfolio management team of the Manager led by Ned Goodman. The Manager has retained Dundee Resources Limited to provide commodity and technical expertise and due diligence services on potential investments of the Trust. Dundee Resources Limited, an affiliate of the Manager and a wholly-owned subsidiary of Dundee Corporation, carries out Dundee's resource-focused merchant banking activities. Ned Goodman is the Executive Chairman and Murray John is the President and Chief Executive Officer of Dundee Resources Limited. Ned Goodman is also the Chairman of the general partners in the CMP™ Group, and Murray John is also the President, Chief Executive Officer and a director of the general partners in the CMP Group. The Manager has also retained Dr. Martin Murenbeeld, chief economist at DundeeWealth Economics™, a division of DundeeWealth Inc., to provide commodity expertise to the Trust, particularly with respect to gold.

The Agents: A syndicate of agents is led by Dundee Securities Corporation, CIBC World Markets Inc. and RBC Dominion Securities Inc. and includes, BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc. and Wellington West Capital Inc.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Goodman & Company's current expectations, but are subject to a number of risks and uncertainties. Due to many risks and uncertainties, Goodman & Company cannot assure that the forward-looking statements contained in this news release will be realized.

A preliminary prospectus dated November 16, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada, but has not yet become final for the purposes of the sale of securities to the public. This news release shall not constitute an offer to sell or the solicitation of an offer to buy. There shall be no sale or acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from such regulatory authorities. Important information concerning the offering is contained in the prospectus. Obtain a copy from a financial advisor and read the prospectus before investing.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or the Investment Company Act of 1940, as amended, and may not be offered or sold in the United States.

Contact Information

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