Diversified Private Equity Corp. provides summary of operations



    TORONTO, Oct. 29 /CNW/ - Diversified Private Equity Corp. (the "Company")
provides the following summary of operations for the quarter ended September
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 September 15, 2008, the net asset value per share was $5.57 as
compared to $6.36 at June 15, 2008, representing a decrease of 12.4%. The
current net asset value per share as at October 28, 2008 of $4.17, a decrease
of 25.1%, reflects the changing market conditions subsequent to the September
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 $94,000 or $0.06 per
share were 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