Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

August 25, 2006 10:48 ET

Three Bank of Montreal Dynamic'R' PRINCIPALPLUS'TM' Deposit Notes Close, Raising $40.038 Million

TORONTO, ONTARIO--(CCNMatthews - Aug. 25, 2006) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") announces the closing of three Bank of Montreal Dynamic PRINCIPALPLUS Deposit Notes (the "Deposit Notes"), with gross proceeds of $40.038 million.

The Deposit Notes offer access to global markets through up to 200% exposure to a portfolio of leading funds managed by Dynamic Funds™ with 100% principal protection at maturity. The degree of exposure will be determined by an asset allocation strategy designed to ensure principal protection, while taking advantage of market upswings. The return, if any, on the Deposit Notes will be based on the performance of the fund portfolio. Dynamic Funds™ is one of the country's most respected mutual fund companies and was the recipient of the Fund Company of the Year Award at the 2005 Canadian Investment Awards.

Three versions of the Deposit Notes were offered for sale: Yield Class™, Series 3 which pays monthly taxable distributions, if any; R.O.C.™ Class, Series 3 which pays monthly tax efficient distributions, if any; and Total Return Class, Series 2 which is geared towards maximizing growth.

The Deposit Notes were issued by Bank of Montreal on August 23, 2006 and will mature on February 13, 2015. The Deposit Notes are 100% eligible for registered plans. The complete terms of the offerings are set out in the Information Statements dated June 26, 2006.

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, 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).

Contact Information

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