DundeeWealth Inc.

DundeeWealth Inc.

January 13, 2006 17:00 ET

Dundee Wealth Management Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Jan. 13, 2006) - Dundee Wealth Management Inc. (TSX:DW) announced today that one million Third Preference Shares, Series A of Dundee Wealth (the "Preference Shares") were converted into one million common shares of Dundee Wealth on January 12, 2006. The Preference Shares were issued in connection with the acquisition of 100% of KL Nova Financial Ltd. on November 28, 2005 and were convertible into common shares of Dundee Wealth on a one for one basis at any time commencing on the date on which the average closing price of the common shares of Dundee Wealth for the 20 trading days immediately preceding such date, exceeded $10 per share, which conditions were satisfied on January 11, 2006.

Dundee Wealth is a Canadian owned, TSX listed, wealth management company that creates innovative asset management and alternative investment products as well as providing investment management, securities brokerage, financial planning and investment advisory services to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $47.1 billion in assets under management and administration and 1,945 independent financial advisors and 457 insurance agents located in 657 branches across Canada.

Contact Information

  • Dundee Wealth Management Inc.
    Ned Goodman
    Chief Executive Officer
    (416) 365-5665
    Dundee Wealth Management Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010