Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

July 20, 2005 17:43 ET

diversiTrust'TM' Energy Income Fund Announces Distribution

TORONTO, ONTARIO--(CCNMatthews - July 20, 2005) - diversiTrust Energy Income Fund (the "Fund"), (TSX:DTN.un) announces a monthly distribution of $0.083 per unit of the Fund (the "Trust Units"). The distribution will be paid on August 15, 2005, to unitholders of record as of July 29, 2005. This distribution represents an annualized yield of 10.16% based on a Trust Unit trading price of $9.80 as at July 19, 2005.

This closed-end Fund will allow unitholders to participate in returns on an actively managed and diversified portfolio of equity securities of and, to a lesser extent, energy shares. As at July 19, 2005 the net asset value was $10.26 per Trust Unit and the closing trading price was $9.80 per Trust Unit (representing a discount of 4.48% when measured against the net asset value per Trust Unit).

Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of the Fund, is a leader in the income trust market, managing a broad range of core and specialized income trust funds including Dynamic Focus+ Diversified Income Trust Fund, Dynamic Focus+ Energy Income Trust Fund, Dynamic Focus+ Small Business Fund, Dynamic Focus+ Real Estate Fund and Dynamic Focus+ Resource Fund. Goodman & Company also manages diversiTrust™ Income Fund (DTF.un), diversiTrust™ Stable Income Fund (DTS.un), diversiTrust™ Income+ Fund (DTP.un) and diversiYield Income Fund (DYI.un), other TSX-listed closed-end trusts.

Goodman & Company is a leading Canadian investment firm tracing its portfolio management roots back over 45 years, with approximately $16 billion in assets under management. Goodman & Company, including Dynamic Mutual 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.diversifunds.com
    or
    Goodman & Company, Investment Counsel Ltd.
    Trevor Hampden
    Media Relations
    (416) 365-5002