diversiGlobal Dividend Value Fund

Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

June 30, 2008 13:00 ET

diversiGlobal Dividend Value Fund Announces Issuer Bid

TORONTO, ONTARIO--(Marketwire - June 30, 2008) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), manager of diversiGlobal Dividend Value Fund (TSX:DGD.UN) (the "Fund"), announces a normal course issuer bid. In accordance with the terms of its initial public offering, the Fund intends to purchase, through the facilities of the Toronto Stock Exchange ("TSX"), up to 300,273 trust units of the Fund (the "Trust Units") representing approximately 10% of the public float. The public float of the fund as of June 19, 2008 was 3,002,726 Trust Units.

The Trust Units may be purchased for cancellation commencing on July 3, 2008 through to July 2, 2009 through the facilities of the TSX and may be purchased when the net asset value per Trust Unit exceeds its trading price. Pursuant to TSX policies, the Fund will not purchase during any 30 day period more than 2% of the 3,033,718 Trust Units outstanding as at June 19, 2008. A Notice of Intention to Make a Normal Course Issuer Bid has been accepted by the TSX effective as of June 30, 2008.

The purpose of the normal course issuer bid is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per Trust Unit and the market price of the Trust Units. For the period July 3, 2007 to June 19, 2008, 1,000 Trust Units were purchased by the Fund under its normal course issuer bid at an average market price of $9.28 per Trust Unit (excluding commission charges).

The Fund is a TSX-listed closed-end investment trust, which seeks to provide long-term capital appreciation and a stable monthly distribution through investment in a diversified global portfolio consisting primarily of dividend-paying equity securities. As of June 19, 2008 the net asset value was $9.86 per Trust Unit and the closing trading price was $9.25 per Trust Unit (representing a discount of 6.19% when measured against the net asset value per Trust Unit).

Goodman & Company, Investment Counsel Ltd. is a leading Canadian asset management company tracing its roots back more than 50 years, with more than $29 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 and Radiant Strategic Portfolios, 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).

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    Website: www.diversifunds.com
    Myra Reisler
    Media Relations
    (416) 365-5370