DundeeWealth Inc.

DundeeWealth Inc.

March 14, 2008 17:20 ET

Acquisition of DPF India Opportunities Fund Units

TORONTO, ONTARIO--(Marketwire - March 14, 2008) - DundeeWealth Inc. ("DundeeWealth") (TSX:DW) announces that on August 14, 2007, DWM Inc. ("DWM"), a subsidiary of DundeeWealth acquired an aggregate of 2,000,000 units of DPF India Opportunities Fund ("DPF") at a price of $10.00 per unit, pursuant to DPF's initial public offering. Each unit is comprised of one trust unit ("Trust Unit") and one trust unit purchase warrant ("Warrant"). Each Warrant entitles DWM to acquire one Trust Unit at a subscription price of $12.50, subject to the terms described in DPF's prospectus. As of August 14, 2007, these holdings represent an 8.00% interest on an undiluted basis or a 14.81% interest in DPF assuming the conversion of all Warrants held.

The securities acquired in DPF by DWM were for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.

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 $59.2 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 and Chief Financial Officer
    (416) 365-5010
    DundeeWealth Inc.
    Robert Pattillo
    Chief Brand and Communications Officer
    (416) 365-6466