TORONTO, May 27, 2011 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX:
DW.PR.A) today announced that its board of directors has approved the
payment of a quarterly cash dividend of $0.29688 per first preference
share, series 1 payable on June 30, 2011 to shareholders of record on
June 16, 2011.
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 wholly owned subsidiary of Scotiabank and part of the
Bank's Global Wealth Management division, with $84.9 billion in fee
earning assets. It provides diversified wealth and investment
management solutions, which include alternative and tax-advantaged
products and advisory services, to financial advisors, institutions,
corporations and foundations. It supports innovative wealth management
through a network of independent financial advisors who operate under
the DundeeWealth brand across Canada. Its award winning family of
mutual funds and hedge funds, Dynamic Funds®, managed by Goodman &
Company, Investment Counsel Ltd., is also available outside of Canada
through distribution platforms in Europe and the United States.
SOURCE DundeeWealth Inc.
For further information:
| John Pereira |
Chief Financial Officer
| Myra Reisler |
Director, Public Affairs