TORONTO, April 16 /CNW/ - Goodman & Company, Investment Counsel Ltd.
("Goodman & Company"), manager of investment brand Dynamic Funds(TM), today
announced that it is making temporary changes to fees for the Dynamic Money
Market Fund and Dynamic Money Market Class (the "Funds") to respond to the low
level of short-term interest rates in Canada and maintain a positive yield for
Effective today, Goodman & Company is temporarily reducing the management
fees to 0.25% per annum on all series of the Funds.
On certain series of the Funds, Goodman & Company pays dealers a service
fee from the management fees collected. Service fees have been temporarily
suspended, effective April 1, 2009. In addition, a deferred sales charge
option will no longer be available on new purchases into the Funds. However,
switches into this option will continue to be permitted. Purchases through
existing pre-authorized chequing plans on a deferred sales charge option basis
will be permitted into the Funds until May 14, 2009.
Goodman & Company may make further changes to the rate of the management
fees and/or service fees, including increasing the fees to their previous
levels or making further reductions, as it considers advisable based on market
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, 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).
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.dynamic.ca; Myra Reisler, Media
Relations, (416) 365-5370