TORONTO, Oct. 18, 2013 /CNW/ - GCIC Ltd. ("GCICL"), manager of DPF India Opportunities Fund (TSX:DPF.UN) (the "Fund"), announces on behalf of the Fund its decision to permanently waive a portion of the administrative fee of the Fund. Effective October 1, 2011, GCICL had implemented a temporary waiver, reducing the annual administration fee to 0.5% from 1.0% of the net asset value of the Fund for a period of two years. As of October 1, 2013, GCICL has decided to permanently reduce the administration fee, setting it at 0.5% of the net asset value of the Fund.
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.
GCICL is a subsidiary of DundeeWealth Inc. and the manager of the Fund. GCICL 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 Inc. is a wholly owned subsidiary of Scotiabank.
SOURCE: GCIC Ltd.
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