Diversified Private Equity Corp. provides summary of operations

    TORONTO, Feb. 8 /CNW/ - Diversified Private Equity Corp. (the "Company")
provides the following summary of operations for the quarter ended December
15, 2007. The Company was created to provide holders of the Company's shares
with tax efficient exposure to the total return of an initially
equally-weighted portfolio (the "Portfolio) of securities (the "Portfolio
Securities") consisting of the ten largest firms specializing in private
equity investments that are publicly traded in North America and the ten
largest firms specializing in private equity investments that are publicly
traded in Europe.
    At December 15, 2007, the net asset value per share was $6.78 as compared
to $7.81 at September 15, 2007, representing a decrease of 13% reflecting
depreciation in the market value of the Portfolio. The total market value of
the Company's Portfolio was $15.3 million as compared to $17.6 million at
September 15, 2007. The decline in the net asset value is primarily the result
of the decline in the value of the private equity investments.
    In accordance with the Company's prospectus, shareholders have the right
to receive dividends on the shares if, as and when declared and paid by the
Company's Board of Directors. Shareholders are not expected to be paid any
dividends by the Company. In order to reflect distributions paid on the
Portfolio Securities, the Portfolio is adjusted to reflect the notional
reinvestment of the net amount of any distributions paid on the Portfolio
Securities in additional securities of the Portfolio Securities that make the
distributions. Accordingly, distributions and other income, net of expenses,
earned in the quarter by the Company of approximately $96,000 or $0.04 per
share will be reinvested.

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

    %SEDAR: 00024739E

For further information:

For further information: Diversified Private Equity Corp. - Investor
Relations, (416) 945-7380, E-mail: mc_dpec@scotiacapital.com, Web site:

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