TORONTO, March 16 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Manager"), manager of Dynamic Funds(R) and the diversiFunds(TM), is pleased to announce that unitholders have today voted, at successively held special meetings, to approve the following mergers:
- diversiTrust(TM) Energy Income Fund with Dynamic Energy Income
- diversiTrust(TM) Income+ Fund with Dynamic Strategic Yield Fund.
The mergers are expected to occur on or about March 26, 2010. The units of diversiTrust Energy Income Fund and diversiTrust Income+ Fund will be voluntarily delisted from the Toronto Stock Exchange at the close of business on March 18, 2010. All costs and expenses associated with the mergers will be borne by the Manager.
Caution regarding forward-looking statements
Certain portions of this news release may contain forward-looking statements about diversiTrust Energy Income Fund and diversiTrust Income+ Fund (together, the "Funds"). Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action of either of the Funds, is also a forward-looking statement. Forward-looking statements are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date.
Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements made by either of the Funds. Any number of important factors could contribute to these digressions, including, but not limited to, failure to effect the delisting of the units on the proposed date. We stress that the above mentioned list of important factors is not exhaustive.
We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing any undue reliance on forward-looking statements. Further, you should be aware of the fact that neither of the Funds has any specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For a complete disclosure record for each of the Funds, please visit their respective profiles at www.sedar.com. Unitholders are encouraged to consult with their own tax advisors for advice with respect to the tax consequences of the proposed mergers having regard to their own particular circumstances.
About Goodman & Company
Goodman & Company 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 and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).
SOURCE GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.
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