Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

September 21, 2005 14:36 ET

diversiYield'TM' Income Fund Announces Distribution

TORONTO, ONTARIO--(CCNMatthews - Sept. 21, 2005) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of diversiYield™ Income Fund (the "Fund") (TSX:DYI.UN), announces its first distribution of $0.0604 per unit of the Fund (the "Trust Unit"). The distribution will be paid on October 17, 2005 to unitholders of record as of September 30, 2005. This distribution represents an annualized yield of 7.25% based on a Trust Unit trading price of $10.00 as at September 19, 2005.

The Fund will allow unitholders to participate in returns on an actively managed portfolio comprised of income trusts and high yield debt securities. To enhance returns, the Fund may use leverage up to a maximum of 25% of total assets. As at September 19, 2005 the net asset value was $9.84 per Trust Unit and the closing trading price was $10.00 per Trust Unit (representing a premium of 1.63% when measured against the net asset value per Trust Unit).

The Fund is managed by Goodman & Company and sub-advised by Marret Asset Management Inc. ("Marret"). Ned Goodman and Oscar Belaiche have combined, over 60 years investment experience and are responsible for managing the income trust portion of the Fund. Barry Allan and Greg Foss of Marret manage the high yield debt portion of the Fund. Active asset allocation of income trusts and high yield debt securities will be a consultative effort by the manager and the sub-advisor based on their views of economic and market conditions.

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 diversiTrust™ Energy Income Fund (DTN.UN), other TSX-listed closed-end trusts. Marret, the sub-advisor, is a leader in the high yield debt market, managing a broad range of high yield portfolios including the Dynamic Canadian High Yield Bond Fund.

Goodman & Company is a leading Canadian investment firm tracing its portfolio management roots back over 45 years, with more than $17 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)

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