Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

September 23, 2005 17:55 ET

Dynamic Streamlines Fund Line-up

TORONTO, ONTARIO--(CCNMatthews - Sept. 23, 2005) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") announces a major initiative to streamline its product line-up and reduce management fees for a number of Dynamic mutual funds. "We're leading the industry in performance and we have been gathering assets under management in excess of our industry share," says President and CEO David Goodman. "This plan simplifies our business, making it easier for clients to work with us as we continue to grow."

The streamlining initiative includes a series of mergers among the Dynamic group of funds as well as strategic changes to several related brands. The comprehensive plan will eliminate overlap mostly caused by previous acquisitions, and should achieve expense ratio cost-efficiencies for securityholders by merging mutual funds with similar investment objectives. The mergers will be subject to securityholder and regulatory approvals. In addition to the anticipated cost-efficiencies resulting from the streamlining initiatives, Goodman & Company plans to reduce management fees on several funds, effective October 1, 2005. The result will be a simpler and more cost-effective product line-up.

Investors will be asked to approve the mergers and related changes at special meetings ("Special Meetings") to be held on or about November 10, 2005. Certain mergers will also require regulatory approval. If approved, the mergers will take effect after the close of business on dates determined by Goodman & Company, currently expected to be between November 11 and November 19, 2005.

Fee Reductions

Effective October 1, 2005 the following funds will have reduced management fees:



Dynamic Funds Current Fee New Fee
---------------------------------------------------------------------

Dynamic Value Balanced Fund 2.25% 2.00%
Dynamic Value Balanced Fund (Series F) 1.25% 1.00%
Dynamic European Value Fund 2.50% 2.00%
Dynamic Focus+ American Fund 2.25% 2.00%
Dynamic Focus+ Canadian Fund 2.25% 2.00%
Dynamic Focus+ Canadian Fund (Series F) 1.125% 1.00%
Dynamic Canadian Technology Fund 2.35% 2.25%
Dynamic Canadian Technology Fund (Series F) 1.35% 1.25%

Fee Reductions Resulting From Mergers

The following mergers will result in lower management fees for
investors of the Terminating Funds:

Terminating Fund Fee Continuing Fund Fee
---------------------------------------------------------------------

Dynamic Greater China Fund 2.50% Dynamic Far East Value Fund 2.00%
Dynamic Greater China Fund Dynamic Far East Value Fund
(Series F) 1.50% (Series F) 1.25%
Hathaway Focus+ American Dynamic Focus+ Canadian
Fund 2.25% Fund 2.00%
Hathaway Focus+ Canadian Dynamic Focus+ Canadian
Fund 2.25% Fund 2.00%
Hathaway Focus+ World Dynamic Focus+ Canadian
Fund 2.25% Fund 2.00%
Dynamic Focus+ World Dynamic Focus+ Canadian
Equity Fund 2.50% Fund 2.00%
Dynamic Focus+ World Dynamic Focus+ Canadian
Equity Fund (Series F) 1.50% Fund 1.00%
Dynamic Focus+ World Dynamic Focus+ Canadian
Equity Fund I 2.50% Fund 2.00%
Dynamic Focus+ World Dynamic Focus+ Canadian
Equity Fund I (Series F) 1.50% Fund 1.00%
Hathaway Focus+ Balanced Dynamic Focus+ Balanced
Canadian Fund 2.25% Fund 2.00%
Dynamic Global Real Estate Dynamic Focus+ Real Estate
Fund 2.25% Fund 2.00%
Dynamic Global Resource Dynamic Focus+ Resource
Fund 2.25% Fund 2.00%
Cartier Bond Fund 1.50% Dynamic Income Fund 1.25%


Rebranding and mergers of Cartier Funds and MultiPartners Portfolios

Cartier Cdn. Equity Fund and Cartier Global Equity Fund will continue to operate, and will be rebranded as part of the Marquis Investment Program in early 2006. This will enhance Marquis by adding style-diversified portfolios managed by institutional investors focusing exclusively on Canadian and global markets. The streamlining initiative proposes the November 2005 mergers of Cartier Bond Fund, Cartier Small Cap Cdn. Equity Fund and Cartier Money Market Fund into established Dynamic Funds with similar objectives, and the merger of Cartier Multimanagement Portfolio into MultiPartners Balanced Growth RSP Portfolio.

MultiPartners Balanced RSP, MultiPartners Balanced Growth RSP and MultiPartners High Growth RSP Portfolios, which total $275 million net assets, will continue to operate, and will be rebranded as part of the Marquis Investment Program in early 2006. This will enhance the Marquis Investment Program by adding diversified portfolios focused on Canadian markets.

The streamlining initiative proposes the November 2005 mergers of MultiPartners Global Balanced, MultiPartners Balanced Growth and MultiPartners High Growth Portfolios, totalling $75 million in net assets, into three Radiant Strategic Portfolios. Both the terminating and continuing Portfolios have strong positions in global markets.

Fund Merger Details and Related Changes

Under the proposal, twenty-seven mutual funds (the "Terminating Funds") will be merged into other mutual funds (the "Continuing Funds") managed by Goodman & Company, as follows:



Terminating Fund Continuing Fund
--------------------------------------------------------

Dynamic Protected Dividend Value Fund Dynamic Dividend Value Fund
Dynamic Protected American Value Fund Dynamic American Value Fund
Commonwealth Protected Canadian Dynamic Focus+ Balanced Fund
Balanced Fund
Commonwealth Canadian Balanced Fund Dynamic Focus+ Balanced Fund
Dynamic Greater China Fund Dynamic Far East Value Fund
Dynamic Focus+ World Equity Fund Dynamic Focus+ Canadian Fund
Dynamic Focus+ World Equity Fund I Dynamic Focus+ Canadian Fund
Dynamic Global Precious Metals Fund Dynamic Canadian Precious
Metals Fund
Dynamic Global Real Estate Fund Dynamic Focus+ Real Estate
Fund
Dynamic Global Resource Fund Dynamic Focus+ Resource Fund
Dynamic American Value Class Dynamic Global Value Class
Dynamic Focus+ Equity Class Dynamic Global Value Class
Hathaway Focus+ American Fund Dynamic Focus+ Canadian Fund
Hathaway Focus+ Canadian Fund Dynamic Focus+ Canadian Fund
Hathaway Focus+ World Fund Dynamic Focus+ Canadian Fund
Hathaway Focus+ Balanced Canadian Fund Dynamic Focus+ Balanced Fund
Hathaway Focus+ Wealth Management Fund Dynamic Focus+ Wealth
Management Fund
Hathaway Money Market Fund Dynamic Money Market Fund
Radiant Money Market Fund Dynamic Money Market Fund
DMP Focus+ Equity Class DMP Global Value Class
Cartier Money Market Fund Dynamic Money Market Fund
Cartier Small Cap Cdn. Equity Fund Dynamic Power Small Cap Fund
Cartier Bond Fund Dynamic Income Fund
Cartier Multimanagement Portfolio MultiPartners Balanced
Growth RSP Portfolio
MultiPartners Global Balanced Portfolio Radiant Growth Portfolio
MultiPartners Balanced Growth Portfolio Radiant High Growth
Portfolio
MultiPartners High Growth Portfolio Radiant All Equity Portfolio


By merging the three "Protected Funds," the principal guarantees provided by those Terminating Funds will end and be replaced with a one-time payment from Goodman & Company to each unitholder, which will be equal to the insurance proceeds which would have been paid if the merger date was the maturity date for each investment in those funds. Investors will have the additional advantage of continuing in funds with significantly lower MERs.

Other Changes

Subject in each case to receipt of securityholder approval by the fund at the Special Meetings, each of Dynamic Canadian Precious Metals Fund, Dynamic Canadian Technology Fund, Dynamic Focus+ Balanced Fund, Dynamic Focus+ Canadian Fund, Dynamic Focus+ Real Estate Fund and Dynamic Focus+ Resource Fund intends to remove from its investment objectives and strategies the requirement to invest primarily in Canadian securities. Where approved, the names of certain of these funds also will change as follows.



Current Name New Name
-------------------------------------------------

Dynamic Canadian Precious Metals Fund Dynamic Precious Metals Fund
Dynamic Canadian Technology Fund Dynamic Technology Fund
Dynamic Focus+ Canadian Fund Dynamic Focus+ Equity Fund


Goodman & Company is a leading investment firm tracing its portfolio management roots back over 45 years, with more than $17 billion in assets under management. Goodman & Company, including Dynamic Mutual 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), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a division of Dundee Wealth Management Inc. (DW - TSX).

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