Amendments made to Dynamic Global Energy Class

TORONTO, May 2 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of Dynamic Global Energy Class (the "Fund"), today announced that certain amendments have been made to the Fund. Effective today, the Fund's simplified prospectus and annual information form have been amended to reflect that the Fund may trade in standardized futures contracts on the New York Mercantile Exchange where the underlying interests are in sweet crude oil or natural gas, for hedging and non-hedging purposes, primarily as a means of reducing the volatility that can result from the changing prices of securities of issuers in the oil and gas sector. The Fund's ability to trade in standardized futures contracts in this manner is a result of exemptive relief obtained from the Canadian securities regulatory authorities.

Furthermore, effective today the Fund's name has been changed to "Dynamic Strategic Energy Class".

The Fund's investment objective of providing long-term capital growth primarily through a diversified portfolio of energy, alternative energy or related companies from around the globe remains unchanged.

About Dynamic Funds

Dynamic Funds is a division of Goodman & Company, Investment Counsel Ltd., a subsidiary of DundeeWealth Inc. Goodman & Company offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high net worth investment counsel of DundeeWealth Investment Counsel (formerly, Goodman Private Wealth Management). DundeeWealth Inc. is a wholly owned subsidiary of The Bank of Nova Scotia and part of the Bank's Global Wealth Management business line.

Caution regarding forward-looking statements

Certain portions of this news release may contain forward-looking statements about the Fund. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action by the Fund is also a forward-looking statement. Forward-looking statements are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date.

Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements made by the Fund. Any number of important factors could contribute to these digressions, including, but not limited to, failure to shareholder approval of the matters described herein or failure to receive all required regulatory approvals to implement the matters. We stress that the above mentioned list of important factors is not exhaustive.

We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing any undue reliance on forward-looking statements. Further, you should be aware of the fact that the Fund does not have any specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For a complete disclosure record for the Fund, please visit its profile at www.sedar.com.

SOURCE Goodman

For further information:

Customer Relations Centre     Myra Reisler
Goodman & Company, Investment Counsel Ltd.  Media Relations

1-800-268-8186 or www.dynamic.ca     (416) 365-5370


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