Dynamic Funds

Dynamic Funds
diversiCAPITAL Global Dividend Split Corp.

Goodman & Company, Investment Counsel Ltd.

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

DundeeWealth Inc.

November 05, 2007 14:27 ET

diversiCAPITAL Global Dividend Split Corp. Files Preliminary Prospectus

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2007) - diversiCAPITAL Global Dividend Split Corp. (the "Company"), a split share corporation created to provide investors with an opportunity to gain exposure to an actively managed, globally-diversified portfolio comprised primarily of equity securities of dividend-paying issuers selected by Goodman & Company, Investment Counsel Ltd. (the "Manager"), is pleased to announce that it has filed and received a receipt for its preliminary prospectus from the securities regulatory authority in each province and territory of Canada. The Company is offering Class A Shares at a price of $15.00 per Class A Share and Preferred Shares at a price of $10.00 per Preferred Share.

The Company will invest in dividend-paying equity securities ("Dividend-Paying Equities") of issuers ("Dividend-Paying Issuers") that the Manager believes are trading at a discount to their intrinsic value and have strong cash flows and the ability to grow their dividends. Investors in the Company's Class A Shares will receive leveraged exposure to the performance of the Dividend-Paying Issuers, including increases or decreases in the value of Dividend-Paying Equities and increases or decreases in the dividends paid on such securities. Investors in the Company's Preferred Shares will receive attractive quarterly distributions on a fixed, cumulative and preferential basis.

The investment objectives for the Class A Shares are: (i) to provide holders of Class A Shares with regular monthly cash distributions in an amount targeted to be 6.00% per annum on the net asset value ("NAV") of the Class A Shares; and (ii) to provide holders of Class A Shares with the opportunity for leveraged growth in NAV and distributions per Class A Share.

The investment objectives for the Preferred Shares are: (i) to provide holders of Preferred Shares with fixed cumulative preferential quarterly cash distributions in the amount of $0.13125 per Preferred Share ($0.525 per year) representing a yield on the issue price of the Preferred Shares of 5.25% per annum; and (ii) to return the issue price of $10.00 per Preferred Share to holders of Preferred Shares at the time of redemption of such shares on December 30, 2014.

The Preferred Shares have been provisionally rated Pfd-2 (low) by Dominion Bond Rating Service Limited.

David Fingold, Vice President and Portfolio Manager at Goodman & Company, will be the lead portfolio manager of the Company. With the support of in-depth analyses from the Manager's team of 13 portfolio managers, nine analysts and three traders, Mr. Fingold will oversee the identification of investment opportunities for the Company and make investment decisions on its behalf. Mr. Fingold is currently involved in the management or co-management of over $2 billion in assets with global mandates.

The offering is being made through a syndicate of investment dealers co-led by CIBC World Markets Inc., Dundee Securities Corporation and RBC Capital Markets that also includes Scotia Capital Inc., BMO Capital Markets, TD Securities Inc., Canaccord Adams, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc. and Richardson Partners Financial Limited.

Dynamic Funds™, a division of Goodman & Company, Investment Counsel Ltd., is a leading Canadian investment firm tracing its portfolio management roots back 50 years, with more than $26 billion in assets under management. Goodman & Company and its affiliates offer a wide range of wealth management solutions through registered financial advisors, including mutual funds; portfolio solutions (Marquis), limited partnerships (CMP and Canada Dominion), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company, Investment Counsel Ltd. is a subsidiary of DundeeWealth Inc. (TSX:DW).

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

A preliminary prospectus dated November 1, 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 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 absent registration or an applicable exemption from the registration requirements.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in an investment fund. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

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