TORONTO, June 4 /CNW/ - Goodman & Company, Investment Counsel Ltd
("Goodman & Company"), manager of the Dynamic family of funds, today announced
that high water marks will be added to two hedge funds - Dynamic Power Hedge
Fund and Dynamic Power Emerging Markets Fund (the "Funds") - effective on or
before June 30, 2009.
For units purchased prior to January 1, 2009, the initial high water mark
is the net asset value per unit ("NAV") at the end of 2007, on the last date
the Funds paid a performance fee. For units purchased on or after January 1,
2009, the initial high water mark is the NAV at the end of 2008.
The presence of a high water mark will ensure that before a performance
fee is charged, the Funds will achieve a return above the previous NAV on
which performance fees were paid. High water marks are already provided in the
offering documents of the other five Dynamic hedge funds.
About Goodman & Company
Goodman & Company, Investment Counsel Ltd., is a leading 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).
This press release is for information purposes only and is not, and under
no circumstances shall be construed as, an offering of the Funds referred to
herein or as investment advice. Investors should read the Confidential
Offering Memorandum of the Funds for information about the Funds' investment
objectives, strategies and the risks associated with an investment in the
Funds before investing. Investors should discuss the suitability of the Funds
with their Investment Advisor before making any investment decisions.
For further information:
For further information: Customer Relations Centre, Goodman & Company,
Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Media
Relations, (416) 365-5370