DundeeWealth Inc.

DundeeWealth Inc.

March 09, 2005 15:10 ET

Dundee Wealth Management Declares Regular Preferred Share Dividend


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DUNDEE WEALTH MANAGEMENT INC.

TSX SYMBOL: DW

MARCH 9, 2005 - 15:10 ET

Dundee Wealth Management Declares Regular Preferred
Share Dividend

TORONTO, ONTARIO--(CCNMatthews - March 9, 2005) - Dundee Wealth
Management Inc. (TSX:DW) and Dundee Corporation (TSX:DBC.SV.A) announced
today that the board of directors of Dundee Corporation has agreed to
accept common shares of Dundee Wealth in lieu of payment in cash of a
quarterly dividend payable on the 5.4 million $10 par value 6% First
Preference Shares, Series X, of Dundee Wealth owned by Dundee
Corporation. The dividend of $818,050.20 was declared by the board of
directors of Dundee Wealth on March 9, 2005.

The total number of common shares to be issued as payment of the
dividend will be based on the closing market price prior to payment,
being April 1, 2005. The payment is subject to all necessary regulatory
and stock exchange approvals.

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 Corporation and Dundee Wealth Management Inc.
    Joanne Ferstman
    Executive Vice President and Chief Financial Officer
    (416) 365-5010