DPF India Opportunities Fund Announces Quarterly Distributions and Temporary Waiver of Fees

TORONTO, Sept. 13, 2011 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), manager of DPF India Opportunities Fund (TSX:DPF.UN) (the "Fund"), announces on behalf of the Fund its decision to implement a quarterly cash distribution and a temporary waiver on a portion of the administrative fee of the Fund.

The quarterly distribution of $0.13 per unit equates to an annualized rate of approximately 10% of the net asset value of the Fund as of August 31, 2011 and will be payable on October 17, 2011 to unitholders of record as of September 30, 2011. In addition, effective October 1, 2011, Goodman & Company will implement a temporary waiver, reducing the annual administrative fee to 0.5% from 1.0% of the net asset value of the Fund for a period of two years.

"We launched the Fund as a vehicle to participate in one of the most dynamic economies in the world. Although global equity markets have experienced notable volatility over the past several years, the long-term growth story in India has not changed and the fundamentals of the Indian equity market have only improved", commented Rohit Sehgal, Vice President and Chief Investment Strategist of Goodman & Company and the Fund's portfolio manager. "The Fund's current focus is to capitalize on India's strong domestic demand and we have constructed a portfolio of blue-chip companies to execute that strategy. We believe that today's product enhancements and the Fund's portfolio holdings have it well positioned for future growth."

Goodman & Company will continue to monitor the Fund as well as market conditions and may at any time make further changes to the rate of the distributions or, after the two year waiver period expires, make changes to the administrative fees, including increasing the fees to their previous levels or making further reductions, as it considers advisable.

The Fund (www.dpfopportunities.com) is a TSX-listed closed-end investment trust which seeks to enhance the value of the trust units offered primarily through capital appreciation driven by an actively managed, diversified investment portfolio.

About Goodman & Company
Goodman & Company, Investment Counsel Ltd., a subsidiary of DundeeWealth Inc., offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high net worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth is a wholly owned subsidiary of Scotiabank and part of the Bank's Global Wealth Management division.

This press release contains forward-looking information. The forward-looking information contained in this press release is not historical information but reflects each Fund's current expectations regarding future results or events. The forward looking information is subject to a number of risks, uncertainties and other factors that could influence actual results or events and cause them to differ materially from current expectations, including the ability of each Fund to pay the distribution on the date specified. Risk and uncertainties are described under "Risk Factors" in each Fund's prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund's current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking information  contained in this press release represents the Fund's estimate as of any date other than the date of this press release and are cautioned not to place undue reliance on such information due to the inherent uncertainty therein. Except where required by under applicable securities legislation, Goodman & Company does not undertake to update any forward looking information.

SOURCE Goodman

For further information:

Customer Relations Centre      Media Communications
Goodman & Company, Investment Counsel Ltd.           Myra Reisler | Robyn Harper
1-800-268-8186 or www.dpfopportunities.com   (416) 365-5370 | (416) 933-1093

Profil de l'entreprise

Goodman & Company, Investment Counsel Ltd.

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DPF India Opportunities Fund

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