Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

September 11, 2007 09:00 ET

DPF India Opportunities Fund Raises Total Gross Proceeds of $252,250,000 After Exercise of Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - Sept. 11, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Manager"), manager of the Dynamic family of mutual funds, is pleased to announce that DPF India Opportunities Fund (the "Fund") has issued an additional 3,750,000 warrants ("Warrant") of the Fund at a price of $0.60 per Warrant for gross proceeds of $2,250,000 pursuant to the exercise by the agents of their over-allotment option. Each Warrant shall entitle the holder to purchase one trust unit ("Trust Unit") of the Fund at a subscription price of $12.50 per Trust Unit on or before August 14, 2010, as described in the final prospectus of the Fund dated August 2, 2007. Including the over-allotment option, total gross proceeds raised under the Fund's initial public offering were $252,250,000. The Fund's Trust Units and Warrants trade on the Toronto Stock Exchange (the "TSX") under the symbols DPF.UN and DPF.WT, respectively.

The Manager: Goodman & Company, a division of DundeeWealth Inc., is a leading Canadian investment firm, with 50 years of experience managing mutual funds and other customized investment products. It currently manages a variety of core and specialized funds, including the Dynamic Funds™ and six other closed-end investment trusts listed on the TSX. The Manager's team of 13 portfolio managers, nine analysts and three traders is responsible for more than $24 billion in assets under management. The Fund will be in the Dynamic Power family of funds ("Dynamic Power"), which represents growth mandates of the Dynamic Funds™. Dynamic Power includes a dedicated team of growth managers led by Rohit Sehgal including Noah Blackstein and Alexander Lane.

Rohit Sehgal, a highly regarded veteran of the investment industry with more than 30 years of investment experience, is responsible for approximately $3.7 billion in assets under management as at August 31, 2007.

The Agents: The offering was made through a syndicate of agents co-led by GMP Securities L.P. and Dundee Securities Corporation that included BMO Nesbitt Burns Inc., Canaccord Capital Corporation, CIBC World Markets Inc., TD Securities Inc. and RBC Dominion Securities Inc.

Goodman & Company, including Dynamic Funds™ and its affiliates, offers a wide range of wealth management solutions through registered financial advisors. These include mutual funds, portfolio solutions like the Marquis Investment Program, limited partnerships (CMP and Canada Dominion), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a subsidiary of DundeeWealth Inc. (TSX:DW).

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

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.

Contact Information

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