TORONTO, June 19 /CNW/ - Goodman & Company, Investment Counsel Ltd.
("Goodman & Company"), manager of diversiTrust(TM) Stable Income Fund (the
"Fund") (TSX: DTS.UN), is pleased to announce an additional redemption right
for unitholders of the Fund.
On December 29, 2008, Goodman & Company announced that the Fund's SR-1
stability rating was withdrawn by Standard & Poor's Rating Service on December
19, 2008 in response to evolving market issues affecting Canadian income trust
funds. At that time, Goodman & Company indicated that, despite the withdrawal
of the stability rating, it would continue to manage the Fund by investing in
a diversified portfolio of high income securities including business trusts,
resources trusts, utility trusts and REITs, as well as other high-yielding
securities, to provide investors with a stable stream of monthly cash
distributions, and that it would be reviewing various alternatives so that the
Fund would be able to continue to provide investors in the Fund with
sustainable, stable cash flow.
In response to the withdrawal of the SR-1 stability rating for the Fund,
Goodman & Company is announcing an additional redemption right for unitholders
of the Fund. Unitholders may surrender trust units of the Fund ("Trust Units")
for redemption on or before June 30, 2009. Unitholders whose Trust Units are
redeemed will be entitled to receive a redemption price (the "Redemption
Price") per Trust Unit equal to 100% of the net asset value per Trust Unit
determined in accordance with the declaration of trust of the Fund (the "Net
Asset Value per Trust Unit") as of June 30, 2009, less out-of-pocket expenses,
if any, directly incurred by Goodman & Company to satisfy such redemption, not
to exceed 1% of the Net Asset Value per Trust Unit, plus any distribution
payable to Unitholders of record on or before June 30, 2009. Unitholders will
receive payment and any distribution payable on or before July 15, 2009.
About Goodman & Company
Goodman & Company, Investment Counsel Ltd. is a Canadian asset management
company tracing its roots back more than 50 years. Goodman & Company offers a
wide range of wealth management solutions through financial advisors. These
include the mutual funds, hedge funds and closed-end investment trusts of
Dynamic Funds(TM), the portfolio solutions of the Marquis Investment Program,
the flow-through limited partnerships of CMP(TM) and Canada Dominion Resources
and the high-net worth investment counsel of Goodman Private Wealth
Management. Goodman & Company is an affiliate of DundeeWealth Inc. (TSX: DW).
diversiTrust, Dynamic Funds and CMP are registered trademarks of Dundee
Corporation, used under license.
For further information:
For further information: Customer Relations Centre, Goodman & Company,
Investment Counsel Ltd., 1-800-268-8186 or www.diversifunds.com; Myra Reisler,
Media Relations, (416) 365-5370