DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

November 13, 2006 11:56 ET

Dundee Wealth Management Declares Regular Preferred Share Dividend

TORONTO, ONTARIO--(CCNMatthews - Nov. 13, 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 November 10, 2006.

The total number of common shares to be issued as payment of the dividend will be based on the greater of the closing price of the common shares on the Toronto Stock Exchange on the payment date being January 2, 2007 or the weighted average trading price of the common shares for the 20 day period ending on the day preceding the payment date. The payment is subject to all necessary regulatory and stock exchange approvals.

Dundee Wealth is a Canadian owned, TSX listed, innovative 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 $54.1 billion in assets under management and administration through independent financial advisors across Canada.

Contact Information

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