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DundeeWealth(R) Announces Monthly Dividend on Common and Special Shares

^{Published on 2010-11-04 14:30:57 - Market Wire}
 

Dividend increases 114%

TORONTO, Nov. 4 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the "Company") (TSX: DW) today announced that the Board of Directors (the "Board") approved a change to its dividend policy, both increasing the amount of dividends paid to shareholders and replacing quarterly dividend payments with monthly payments. The change increases DundeeWealth's annual dividend by 114%.

The Board declared monthly cash dividends of $0.05 per common and special share, payable on each of December 1, 2010, January 4, 2011 and February 1, 2011 to shareholders of record on November 17, 2010, December 21, 2010 and January 18, 2011, respectively. The monthly dividend rate of $0.05 per share represents a yield of 3.5% on DundeeWealth's closing share price of $17.32 on November 4, 2010, as per the Toronto Stock Exchange.

The dividend is designated as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that currently oversees $78.5 billion in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds(R), managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW).