Dynamic Funds Ltd.

Dynamic Funds Ltd.

April 03, 2006 18:03 ET

Dynamic Mutual Funds Ltd.: diversiTrust'TM' Energy Income Fund Announces Distribution Increase

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - diversiTrust™ Energy Income Fund (TSX:DTN.UN) (the "Fund"), announces it will increase its monthly distribution from $0.083 per unit to $0.09 per unit, commencing with the distribution payable on June 14, 2006 to unitholders of record as of May 31, 2006.

This Fund allows unitholders to participate in the returns of an actively managed portfolio consisting primarily of income trusts in the energy trust sector and, to a lesser extent, energy shares. As at March 31, 2006 the net asset value per unit was $12.24 and the closing trading price was $11.91 (representing a discount of 2.7% when measured against the net asset value per unit). As at March 31, 2006 the net asset value of the Fund was approximately $85.4 million.

Goodman and Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of the Fund, also manages other TSX-listed closed-end including; diversiTrust™ Income Fund, diversiTrust™ Stable Income Fund and diversiTrust™ Income+ Fund, and co-manages the diversiYield™ Income Fund with Marret Asset Management Inc. Goodman & Company is a leader in the income trust market managing a broad range of core and specialized income trust funds including Dynamic Focus+ Diversified Income Trust Fund, Dynamic Focus+ Energy Income Trust Fund and Dynamic Focus+ Small Business Fund. Dean Prodan of Calgary-based UTA Asset Management Corp., the sub-advisor to the Fund, has over seventeen years experience in the oil and gas industry and also serves as sub-advisor to the CMP and Canada Dominion Resource limited partnerships.

Goodman & Company is a leading Canadian investment firm tracing its portfolio management roots back nearly 50 years, with approximately $20 billion in assets under management. Goodman & Company, including Dynamic Funds™ and its affiliates, offers a wide range of wealth management solutions through registered financial advisors, including: mutual funds, fee-based programs (Viscount and Marquis), limited partnerships (CMP and Canada Dominion), a labour sponsored fund (Dynamic Venture Opportunities Fund Ltd.), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company, is a subsidiary of Dundee Wealth Management Inc. (TSX:DW).

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    1 (800) 268-8186
    www.diversifunds.com
    or
    Goodman & Company, Investment Counsel Ltd.
    Trevor Hampden
    Media Relations
    (416) 365-5002