DIVERSIFIED PRIVATE EQUITY CORP. PROVIDES SUMMARY OF OPERATIONS

TORONTO, Jan. 24 /CNW/ -Diversified Private Equity Corp. (the "Company") provides the following summary of operations for the quarter ended December 15, 2010. The Company provides holders of the Company's shares with tax efficient exposure to the total return of a portfolio of securities consisting of nine firms specializing in private equity investments that are publicly traded in North America and ten firms specializing in private equity investments that are publicly traded in Europe.

At December 15, 2010, the net asset value per share was $5.11 as compared to $4.63 at September 15, 2010, representing an increase of 10.37%. The net asset value per share as at January 21, 2011 was $5.11.

The Company's shares are listed for trading on the TSX under the symbol PEQ.

SOURCE Diversified Private Equity Corp.

For further information:

Diversified Private Equity Corp. - Investor Relations
(416) 945-7380
E-mail: mc_dpec@scotiacapital.com
Web site: www.scotiamanagedcompanies.com

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Diversified Private Equity Corp.

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