DundeeWealth Inc.

DundeeWealth Inc.

August 10, 2006 12:47 ET

Dundee Wealth Management Declares Regular Preferred Share Dividend

TORONTO, ONTARIO--(CCNMatthews - Aug. 10, 2006) - Dundee Wealth Management Inc. (TSX:DW) and Dundee Corporation (TSX:DBC.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 August 9, 2006.

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 October 2, 2006. The payment is subject to all necessary regulatory and stock exchange approvals.

Dundee Wealth is a Canadian owned, TSX listed, innovative wealth management company that creates and provides investment management and advisory services, securities brokerage and financial planning to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $50.5 billion in assets under management and administration and 1,846 independent financial advisors and approximately 500 insurance agents located in 654 branches across Canada.

Contact Information

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