Diversified Private Equity Corp. Provides Summary of Operations and Confirms Final Redemption

TORONTO, Jan. 17, 2012 /CNW/ - Diversified Private Equity Corp. (the "Company") provides the following summary of operations for the quarter ended December 15, 2011. The Company provides holders of the Company's shares with tax efficient exposure to the total return of a portfolio of securities consisting of nine 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 December 15, 2011, the net asset value per Class A Share was $4.09 as compared to $4.32 at September 15, 2011, representing a decrease of 5.32%. The net asset value per Class A Share as at January 16, 2012 was $4.34.

All outstanding Shares will be redeemed by the Company on March 15, 2012 in accordance with the provisions as detailed in the prospectus dated February 28, 2007. Pursuant to these provisions, the Shares will be redeemed at the net asset value per Share.

A further press release will be issued by the Company in connection with the redemption prices on March 14, 2012. Payment of the amounts due to holders of Shares will be made by the Company on March 15, 2012.

The Company's Shares are listed for trading on the TSX under the symbol PEQ.

SOURCE Diversified Private Equity Corp.

For further information:

Diversified Private Equity Corp. - Investor Relations
(416) 945-7380
E-mail: mc_dpec@scotiabank.com
Web site: www.scotiamanagedcompanies.com

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Diversified Private Equity Corp.

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