Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.
DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

July 10, 2007 09:49 ET

Goodman & Company Files Preliminary Prospectus for DPF India Opportunities Fund

TORONTO, ONTARIO--(Marketwire - July 10, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Manager"), manager of the Dynamic family of mutual funds, is pleased to announce that it has filed and received a receipt from securities regulators across Canada for a preliminary prospectus qualifying the initial public offering of the DPF India Opportunities Fund (the "Fund"), a closed-end investment trust. Goodman & Company will be the manager and the trustee of the Fund.

Investment Objectives: The Fund's investment objective is to enhance the value of the Trust Units (as defined below) primarily through capital appreciation driven by an actively managed, diversified investment portfolio (the "Portfolio"), being securities of: (a) predominantly public issuers that operate primarily in India; (b) up to 20 per cent in private issuers operating primarily in India and which, in the view of the Manager, are potential takeover targets or are likely to become publicly listed; and (c) issuers located outside of India that are seeking to capitalize on potential commercial and investment opportunities that may be or become available in India. Investment opportunities will be identified by the Manager through a team led by Rohit Sehgal, one of the lead portfolio managers of Dynamic Funds™.

Offering Price: The offering price is $10.00 per unit ("Unit") of the Fund and the minimum purchase is 100 Units ($1,000). Each Unit consists of one trust unit of the Fund ("Trust Unit") and one trust unit purchase warrant ("Warrant"). The Trust Units and Warrants comprising the Units will be immediately separable upon issue. Each Warrant will entitle the holder thereof to acquire one Trust Unit at a subscription price of $12.50 on or before the date which is three years after the closing date of the offering.

The Manager: Goodman & Company, a division of DundeeWealth Inc., is a leading Canadian investment firm, with 50 years of experience managing mutual funds and other customized investment products. It currently manages a variety of core and specialized funds, including the Dynamic Funds, and six other closed-end investment trusts listed on the Toronto Stock Exchange (the "TSX"). The Manager's team of 13 portfolio managers, nine analysts and three traders is responsible for more than $25 billion in assets under management. The Fund will be in the Dynamic Power family of funds ("Dynamic Power"), which represents growth mandates of the Dynamic Funds. Dynamic Power includes a dedicated team of growth managers led by Rohit Sehgal including Noah Blackstein and Alexander Lane.

Rohit Sehgal, a highly regarded veteran of the investment industry with more than 30 years of investment experience, is responsible for approximately $3.5 billion in assets under management as at May 31, 2007.

The Agents: A syndicate of agents is co-led by GMP Securities L.P. and Dundee Securities Corporation and includes BMO Nesbitt Burns Inc., Canaccord Capital Corporation, CIBC World Markets Inc., TD Securities Inc. and RBC Dominion Securities Inc.

Goodman & Company, including Dynamic Funds and its affiliates, offers a wide range of wealth management solutions through registered financial advisors. These include mutual funds, portfolio solutions like the Marquis Investment Program, limited partnerships (CMP and Canada Dominion), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a subsidiary of DundeeWealth Inc. (TSX:DW).

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Goodman & Company's current expectations, but are subject to a number of risks and uncertainties. Due to many risks and uncertainties, Goodman & Company cannot assure that the forward-looking statements contained in this news release will be realized.

A preliminary prospectus dated July 9, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada, but has not yet become final for the purposes of the sale of securities to the public. This news release shall not constitute an offer to sell or the solicitation of an offer to buy. There shall be no sale or acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from such regulatory authorities. Important information concerning the offering is contained in the prospectus. Obtain a copy from financial advisor and read the prospectus before investing.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or the Investment Company Act of 1940, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    1-800-268-8186
    Website: www.diversifunds.com
    or
    Myra Reisler
    Media Relations
    (416) 342-1829