Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

May 29, 2006 17:15 ET

diversiGlobal'TM' Dividend Value Fund Announces Exchange Ratios

TORONTO, ONTARIO--(CCNMatthews - May 29, 2006) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") is pleased to announce the exchange ratios for the exchange option available in connection with the initial public offering (the "Offering") of diversiGlobal Dividend Value Fund (the "Trust"). Purchasers of units of the Trust ("Units") may acquire Units by cash payment or by exchanging freely tradable securities of certain eligible issuers (each an "Exchange Eligible Issuer") identified in the Trust's preliminary prospectus dated April 27, 2006. The Exchange Option expired on May 25, 2006. Prospective purchasers may still acquire Units for cash.

The number of Units issuable for each security of an Exchange Eligible Issuer (the "Exchange Ratio") was determined by (i) dividing the weighted average trading price of the securities of such Exchange Eligible Issuer on the Toronto Stock Exchange during the three consecutive trading days ending on May 25, 2006 (adjusted to reflect distributions declared by these issuers that will not be received by the Trust) by (ii) $10.00. The Exchange Ratios have been rounded down to four decimal places.

The following table indicates the weighted average trading price and the Exchange Ratio used to determine the number of Units to be issued for each security of an Exchange Eligible Issuer deposited under the exchange option.



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Exchange Eligible TSX Symbol Weighted Average Exchange Ratio
Issuer Trading Price ($)
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Abitibi-Consolidated
Inc A 4.0317 0.4032
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ACE Aviation
Holdings Inc ACE/B 32.4356 3.2436
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Agnico-Eagle Mines Ltd AEM 35.8004 3.5800
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Agrium Inc AGU 27.9192 2.7919
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Alcan Inc AL 53.5103 5.3510
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ATI Technologies Inc ATY 17.2005 1.7200
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Bank of Montreal BMO 61.5316 6.1532
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Bank of Nova Scotia BNS 42.2940 4.2294
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Barrick Gold Corp ABX 34.3105 3.4311
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BCE Inc BCE 26.3809 2.6381
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Biovail Corp BVF 27.4901 2.7490
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Bombardier Inc BBD/SV/B 3.7925 0.3793
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Brookfield Asset
Management Inc BAM/LV/A 44.1750 4.4175
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Cameco Corp CCO 44.3210 4.4321
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Canadian Imperial Bank
of Commerce CM 80.5747 8.0575
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Canadian National
Railway Co CNR 48.7463 4.8746
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Canadian Natural
Resources Ltd CNQ 57.2572 5.7257
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Canadian Pacific
Railway Ltd CP 56.7925 5.6792
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Canadian Tire Corp Ltd CTC/A 69.0850 6.9085
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Celestica Inc CLS 10.6375 1.0637
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Cognos Inc CSN 34.6470 3.4647
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Cott Corp BCB 16.5056 1.6506
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Domtar Inc DTC 7.6170 0.7617
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Enbridge Inc ENB 32.2621 3.2262
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EnCana Corp ECA 52.9330 5.2933
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Falconbridge Ltd FAL/LV 54.4468 5.4447
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George Weston Ltd WN 83.0399 8.3040
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Glamis Gold Ltd GLG 40.0059 4.0006
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Goldcorp Inc G 33.7957 3.3796
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Husky Energy Inc HSE 61.7676 6.1768
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Imperial Oil Ltd IMO 38.4184 3.8418
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Inco Ltd N 68.1633 6.8163
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IPSCO Inc IPS 102.0778 10.2078
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Kinross Gold Corp K 12.1296 1.2130
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Loblaw Cos Ltd L 53.6697 5.3670
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Magna International
Inc MG/A 85.3863 8.5386
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Manulife Financial
Corp MFC 36.5663 3.6566
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MDS Inc MDS 20.8171 2.0817
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National Bank Of
Canada NA 59.3209 5.9321
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Nexen Inc NXY 58.8126 5.8813
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Nortel Networks Corp NT 2.6670 0.2667
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Nova Chemicals Corp NCX 34.2907 3.4291
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Novelis Inc NVL 23.6659 2.3666
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Petro-Canada PCA 47.7474 4.7747
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Potash Corp of
Saskatchewan POT 102.0381 10.2038
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Quebecor World Inc IQW/SV 11.3388 1.1339
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Research In Motion Ltd RIM 72.8515 7.2851
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Rogers Communications
Inc RCI/B 43.5706 4.3571
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Royal Bank of Canada RY 45.8112 4.5811
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Shaw Communications
Inc SJR/NV/B 30.8802 3.0880
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Shoppers Drug Mart
Corp SC 43.3132 4.3313
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Sun Life Financial Inc SLF 44.8090 4.4809
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Suncor Energy Inc SU 86.9607 8.6961
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Talisman Energy Inc TLM 18.8524 1.8852
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Teck Cominco Ltd TEK/SV/B 65.6145 6.5614
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TELUS Corp T 44.4137 4.4414
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Thomson Corp/The TOC 43.5417 4.3542
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Toronto-Dominion Bank TD 60.9371 6.0937
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TransAlta Corp TA 23.9287 2.3929
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TransCanada Corp TRP 31.5066 3.1507
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The Offering is being made through a syndicate co-led by RBC Capital Markets and CIBC World Markets Inc., and which includes Dundee Securities Corporation, Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Berkshire Securities Inc. and Blackmont Capital Inc.

Goodman & Company is a leading Canadian investment firm tracing its portfolio management roots back nearly 50 years, with approximately $20 billion in assets under management. Goodman & Company, including Dynamic™ Funds and its affiliates, offers a wide range of wealth management solutions through registered financial advisors, including mutual funds; fee-based programs (Viscount and Marquis), limited partnerships (CMP and Canada Dominion), a labour-sponsored fund, hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company, Investment Counsel Ltd. is a subsidiary of Dundee Wealth Management Inc. (DW - TSX).

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    1(800) 268-8186
    www.dynamic.ca/depositnotes
    or
    Goodman & Company, Investment Counsel Ltd.
    Trevor Hampden
    Media Relations
    (416) 365-5002