Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

March 28, 2007 10:07 ET

Dynamic Funds™ Introduces Dynamic RetirementEdge Income Portfolios™

Deposit Notes balance wealth accumulation, distribution needs of baby boomers

TORONTO, ONTARIO--(CCNMatthews - March 28, 2007) - Dynamic Funds™ announces the launch of Dynamic RetirementEdge Income Portfolios™ ("Deposit Notes"), a versatile retirement solution offering three options to meet the financial needs of investors at different stages of life.

The series of Deposit Notes is built with seven of Dynamic's top mutual funds and has a fixed low annual fee. While offering steady capital distributions, indexed to inflation, Dynamic RetirementEdge Income Portfolios offer the growth potential of equities, the comfort of reliable cash flow, tax deferral and non-taxable capital distributions in retirement as well as automatic asset allocation that grows more conservative over time.

"Traditional retirement solutions were designed to meet the needs of a different generation," says David Goodman, President & CEO, Dynamic Funds™. "Today Canadians are enjoying a longer, more active life and need a dependable income stream that does not compromise the ongoing growth of their investments. The Dynamic RetirementEdge Income Portfolios™ support the complex needs of investors as they prepare to draw on their savings in retirement."

Three versions of the Deposit Notes are available to investors:

i) Current Pay Notes™; monthly distribution begin immediately, at an annual rate of 6.6% of the original deposit amount, indexed to inflation. The Notes mature on May 27, 2022.

ii) Deferred 5 Notes™; monthly distributions begin in year six, at an annual rate of 6.6% of the higher of current market value or original deposit amount, indexed to inflation. The Notes mature on May 28, 2027.

iii) Deferred 10 Notes™; monthly distributions begin in year 11, at an annual rate of 6.6% of the higher of current market value or original deposit amount, indexed to inflation. The Notes mature on May 28, 2032.

Dynamic RetirementEdge Income Portfolios invest in seven leading Dynamic funds with proven long-term track records, including: Dynamic Advantage Bond Fund, Dynamic Value Fund of Canada, Dynamic Dividend Fund, Dynamic Power Canadian Growth Fund, Dynamic Global Dividend Value Fund, Dynamic Global Value Fund and Dynamic Global Discovery Fund. The asset allocation in each Deposit Note fund portfolio follows a lifecycle approach, becoming more conservative over the term of the Notes.

The Deposit Notes will be issued by Bank of Montreal on or about May 24, 2007 and are 100 per cent eligible for registered plans. The complete terms of the offerings are set out in the Information Statements dated March 12, 2007 relating to the Deposit Notes.

Dynamic Funds™ a division of Goodman & Company, Investment Counsel Ltd. is a leading Canadian investment firm tracing its portfolio management roots back 50 years, with more than $23 billion in assets under management. Goodman & Company and its affiliates offer a wide range of wealth management solutions through registered financial advisors, including mutual funds; portfolio solutions (Marquis), limited partnerships (CMP and Canada Dominion), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company, Investment Counsel Ltd. is a subsidiary of Dundee Wealth Management Inc. (TSX:DW).

The above is for information purposes only and is not, and under no circumstances shall be construed as, an offering of the Deposit Notes or as investment advice. The fluctuations in the value of, and the return on, the Fund Portfolio will directly impact the distributions and return, if any, on the Deposit Notes. It is possible that no return will be paid on the Deposit Notes. The return, if any, on the Deposit Notes will be reduced by applicable fees and sales prior to maturity may be subject to an early trading charge as set out in the applicable Information Statement. Investors should read the Information Statement carefully before investing and discuss the suitability of the Notes with the Investment Advisor before making any investment decisions.

Contact Information

  • Goodman & Company, Investment Counsel Ltd
    Customer Relations Centre
    1 (800) 268-8186
    Website: www.dynamic.ca
    or
    Goodman & Company, Investment Counsel Ltd.
    Myra Reisler
    Media Relations
    (416) 342-1829
    or
    Dundee Wealth Management
    Trevor Hampden
    Corporate Communications
    (416) 365-5002