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diversiTrust(TM) Stable Income Fund Announces Additional Redemption

^{Published on 2009-06-19 08:21:20, Last Modified on 2009-06-19 08:22:01 - Market Wire}
 

 TORONTO, June 19 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), manager of diversiTrust(TM) Stable Income Fund (the "Fund") (TSX: DTS.UN), is pleased to announce an additional redemption right for unitholders of the Fund. On December 29, 2008, Goodman & Company announced that the Fund's SR-1 stability rating was withdrawn by Standard & Poor's Rating Service on December 19, 2008 in response to evolving market issues affecting Canadian income trust funds. At that time, Goodman & Company indicated that, despite the withdrawal of the stability rating, it would continue to manage the Fund by investing in a diversified portfolio of high income securities including business trusts, resources trusts, utility trusts and REITs, as well as other high-yielding securities, to provide investors with a stable stream of monthly cash distributions, and that it would be reviewing various alternatives so that the Fund would be able to continue to provide investors in the Fund with sustainable, stable cash flow. In response to the withdrawal of the SR-1 stability rating for the Fund, Goodman & Company is announcing an additional redemption right for unitholders of the Fund. Unitholders may surrender trust units of the Fund ("Trust Units") for redemption on or before June 30, 2009. Unitholders whose Trust Units are redeemed will be entitled to receive a redemption price (the "Redemption Price") per Trust Unit equal to 100% of the net asset value per Trust Unit determined in accordance with the declaration of trust of the Fund (the "Net Asset Value per Trust Unit") as of June 30, 2009, less out-of-pocket expenses, if any, directly incurred by Goodman & Company to satisfy such redemption, not to exceed 1% of the Net Asset Value per Trust Unit, plus any distribution payable to Unitholders of record on or before June 30, 2009. Unitholders will receive payment and any distribution payable on or before July 15, 2009. About Goodman & Company Goodman & Company, Investment Counsel Ltd. is a Canadian asset management company tracing its roots back more than 50 years. Goodman & Company offers a wide range of wealth management solutions through financial advisors. These include the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds(TM), the portfolio solutions of the Marquis Investment Program, the flow-through limited partnerships of CMP(TM) and Canada Dominion Resources and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is an affiliate of DundeeWealth Inc. (TSX: DW). diversiTrust, Dynamic Funds and CMP are registered trademarks of Dundee Corporation, used under license.

For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or [ www.diversifunds.com ]; Myra Reisler, Media Relations, (416) 365-5370