Diversified Private Equity Corp. provides summary of operations



    TORONTO, July 15 /CNW/ - Diversified Private Equity Corp. (the "Company")
provides the following summary of operations for the quarter ended June 15,
2008. The Company was created to provide holders of the Company's shares with
tax efficient exposure to the total return of an initially equally-weighted
portfolio (the "Portfolio) of securities (the "Portfolio Securities")
consisting of ten firms specializing in private equity investments that are
publicly traded in North America and ten firms specializing in private equity
investments that are publicly traded in Europe.
    At June 15, 2008, the net asset value per share was $6.36 as compared to
$6.31 at March 15, 2008, representing an increase of 0.79%. The current net
asset value per share as at July 14, 2008 of $5.31, a decrease of 16.5%,
reflects the changing market conditions subsequent to the June 15, 2008
quarter end.
    In accordance with the Company's prospectus, shareholders have the right
to receive dividends on the shares if, as and when declared and paid by the
Company's Board of Directors. Shareholders are not expected to be paid any
dividends by the Company. In order to reflect distributions paid on the
Portfolio Securities, the Portfolio is adjusted to reflect the notional
reinvestment of the net amount of any distributions paid on the Portfolio
Securities in additional securities of the Portfolio Securities that make the
distributions. Accordingly, distributions and other income, net of expenses,
earned in the quarter by the Company of approximately $89,000 or $0.06 per
share will be reinvested.
    The Company's shares are listed for trading on the TSX under the symbol
PEQ.

    %SEDAR: 00024739E




For further information:

For further information: Diversified Private Equity Corp. - Investor
Relations, (416) 945-7380, E-mail: mc_dpec@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

Organization Profile

DIVERSIFIED PRIVATE EQUITY CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890