Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

August 21, 2007 11:54 ET

DPF India Opportunities Fund Receives Telephonic Confirmation of Sub-Account Registration in India

TORONTO, ONTARIO--(Marketwire - Aug. 21, 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 it has received telephonic confirmation from its Indian counsel that the Securities and Exchange Board of India ("SEBI") has granted registration of the DPF India Opportunities Fund (the "Fund") as a sub-account of the Manager, as anticipated in the Fund's prospectus dated August 2, 2007.

Pending the granting of such registration, all funds received from subscribers in connection with the Funds' initial public offering which closed on August 14, 2007 were, in accordance with Canadian securities laws, held by the depositary, State Street Trust Company Canada (the "Custodian") pursuant to an agreement entered into on August 14, 2007 between the Custodian and the Fund. The Fund and the Agents will not terminate such escrow until the formal confirmation, which has been sent by mail by SEBI and not yet received, has been reviewed to determine its terms and conditions pertaining to the registration.

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, which represents growth mandates of the Dynamic Funds™ and 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 $3.5 billion in assets under management as at May 31, 2007.

The Agents: The syndicate of agents was co-led by GMP Securities L.P. and Dundee Securities Corporation and includes 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.

A final prospectus dated August 2, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada. This news release shall not constitute an offer to sell or the solicitation of an offer to buy. Important information concerning the offering is contained in the prospectus. Obtain a copy from your financial advisor and read the prospectus before investing.

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
    Website: www.dynamic.ca
    or
    Myra Reisler
    Media Relations
    (416) 342-1829