DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

April 12, 2007 08:48 ET

Dundee Wealth Issues Preference Shares Pursuant to Exercise of Over Allotment Option

TORONTO, ONTARIO--(CCNMatthews - April 12, 2007) -

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

Dundee Wealth Management Inc. (TSX:DW) ("Dundee Wealth") listed on the TSX under the symbol "DW" announced today that it has issued 225,000 4.75% Cumulative Redeemable First Preference Shares, Series 1 at a price of $25.00 per share pursuant to the exercise of the over allotment option granted to the underwriters of its previously announced offering of such first preference shares, under which 6,000,000 first preference shares were issued on March 13, 2007. Including the first preference shares issued today, Dundee Wealth has issued 6,225,000 first preference shares for aggregate gross proceeds of $155,625,000.

Dundee Wealth is a Canadian owned wealth management company. Through its various subsidiaries, including Dundee Bank of Canada, a Schedule I chartered bank, Dundee Wealth creates and provides investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $61.3 billion in assets under management and administration through independent financial advisors across Canada.

Contact Information

  • Dundee Wealth
    Ned Goodman
    President & Chief Executive Officer
    (416) 365-5665
    or
    Dundee Wealth
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010