DundeeWealth® Declares Quarterly First Preference Shares, Series 1 Dividend

TORONTO, May 27, 2011 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW.PR.A) today announced that its board of directors has approved the payment of a quarterly cash dividend of $0.29688 per first preference share, series 1 payable on June 30, 2011 to shareholders of record on June 16, 2011.

The dividend is designated as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

About DundeeWealth Inc.
DundeeWealth is a wholly owned subsidiary of Scotiabank and part of the Bank's Global Wealth Management division, with $84.9 billion in fee earning assets. It provides diversified wealth and investment management solutions, which include alternative and tax-advantaged products and advisory services, to financial advisors, institutions, corporations and foundations. It supports innovative wealth management through a network of independent financial advisors who operate under the DundeeWealth brand across Canada. Its award winning family of mutual funds and hedge funds, Dynamic Funds®, managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States.

SOURCE DundeeWealth Inc.

For further information:

John Pereira
Chief Financial Officer
DundeeWealth Inc.
(416) 365-5180
Myra Reisler
Director, Public Affairs
DundeeWealth Inc.
(416) 365-5370


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DundeeWealth Inc.

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