Gluskin Sheff + Associates Inc. Declares Regular Quarterly Dividend or $0.1375, Special Dividend of $0.80, and Increase in Regular Quarterly Dividend

TORONTO, Sept. 15, 2011 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") today declared its regular quarterly dividend of $0.1375 per common share payable on October 21, 2011, to shareholders of record at the close of business on September 28, 2011.

The Company also announced today a special dividend of $0.80 per common share payable on October 21, 2011 to shareholders of record on September 28, 2011. The special dividend relates to the receipt of Performance Fees for the fiscal year ended June 30, 2011 (after performance-related expenses and income tax).

The Company also announced that its regular quarterly dividend would be increased to $0.1625 ($0.65 on an annual basis) from the current quarterly dividend of $0.1375 ($0.55 annually) per common share commencing with the declaration of the first quarter dividend for fiscal 2012.

"Despite ongoing volatility in global capital markets, we continue to see opportunities to build our business," commented Jeremy Freedman, President& Chief Executive Officer. "We continue to focus on individual company research and bottom-up security selection, as we have for the past 27 years. Our successful efforts at this in addition to our strong balance sheet continue to demonstrate that we are well positioned during what remains a challenging time for the financial industry."

Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's pre-eminent wealth management firms serving high net worth private clients and institutional investors. Gluskin Sheff offers equity and fixed income investment portfolios in addition to being one of the largest managers of alternative investments in Canada. The Company's Subordinate Voting Shares are listed on the Toronto Stock Exchange under the symbol "GS". For more information about the Company, please visit our website at www.gluskinsheff.com.


SOURCE Gluskin Sheff + Associates Inc.

For further information:

David R. Morris
Chief Financial Officer and Secretary
1.416.681.6036


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