DundeeWealth Inc.

DundeeWealth Inc.

March 03, 2005 08:11 ET

Dundee Wealth Management Announces $45.45 Million 'Bought Deal' Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DUNDEE WEALTH MANAGEMENT INC.

TSX SYMBOL: DW

MARCH 3, 2005 - 08:11 ET

Dundee Wealth Management Announces $45.45 Million
'Bought Deal' Financing

TORONTO, ONTARIO--(CCNMatthews - March 3, 2005) - Not for distribution
to United States newswire services or for dissemination in the United
States

DUNDEE WEALTH MANAGEMENT INC. (TSX:DW) is pleased to announce that it
has entered into an agreement with a syndicate of underwriters, led by
GMP Securities Ltd. and Dundee Securities Corporation and including RBC
Dominion Securities Inc., Scotia Capital Inc., Canaccord Capital
Corporation, Berkshire Securities Inc., Wellington West Capital Inc. and
Sprott Securities Inc., which has agreed to purchase, on a bought deal
basis, 4,500,000 common shares of Dundee Wealth from treasury at a
purchase price of $10.10 per share for aggregate gross proceeds of
$45,450,000. The underwriters also have an option to purchase up to an
additional 450,000 common shares of Dundee Wealth from treasury at the
same purchase price. Dundee Wealth plans to use the net proceeds of this
financing to finance growth opportunities and for general corporate
purposes.

The shares to be issued under this offering will be offered by way of a
short form prospectus in all of the provinces in Canada. This press
release is not an offer of common shares for sale in the United States.
The common shares have not been and will not be registered under the
United States Securities Act of 1933 and may not be offered or sold in
the United States absent such registration or an exemption therefrom.

This offering is expected to close on or about March 22, 2005 and is
subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the Toronto Stock
Exchange and applicable securities regulatory authorities.

Dundee Wealth is a Canadian owned, TSX listed wealth management company
that provides investment management, securities brokerage, financial
planning and investment advisory services to individuals, financial
advisors, institutions, corporations and foundations. Dundee Wealth
oversees $42.7 billion in assets under management and administration and
2,618 independent financial advisors and insurance agents located in 684
branches across Canada.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Dundee Wealth Management Inc.
    Ned Goodman
    Chief Executive Officer
    (416) 365-5665
    or
    Dundee Wealth Management Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010