DundeeWealth(R) Announces Completion of Reorganization, Payment of Special Dividends and Commencement of Trading of DCM Shares

TORONTO, Jan. 31 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the "Company") (TSX: DW) today announced the payment to shareholders of record on January 28, 2011 of the previously announced special dividends consisting of:

    <<
    -   a cash dividend of $2.00 per common share and special share and $1.67
        per first preference share, series X; and
    -   one common share of Dundee Capital Markets Inc. ("DCM") per common
        share and special share and 0.83 of a DCM common share per first
        preference share, series X.
    >>

The common shares of DCM commenced trading on the Toronto Stock Exchange at the opening of trading today under the stock symbol "DCM".

DCM is a newly formed company that was incorporated to acquire, indirectly, through a series of reorganization transactions (the "Reorganization") which are summarized in a long form non-offering prospectus of DCM dated January 21, 2011, the business formerly carried on by DundeeWealth and its subsidiaries under the "Dundee Capital Markets" brand (other than the independent retail advisory business and back office operations, which are remaining part of DundeeWealth) and certain related assets. The Reorganization was completed on January 28, 2011. Among other things, as part of the Reorganization, Dundee Securities Ltd. ("DSL"), a wholly-owned subsidiary of DCM, has now become the manager of the CMP(TM) and Canada Dominion Resources flow-through limited partnerships and CMP Gold Trust.

Further information in respect of DCM, DSL and the Reorganization are set forth in the long form non-offering prospectus of DCM dated January 21, 2011. A copy of the prospectus may be obtained on SEDAR at www.sedar.com under the profile of DCM.

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that currently oversees $83.3 billion in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds(R), managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW).

SOURCE DundeeWealth Inc.

For further information: Robert Pattillo, Executive Vice-President, Marketing and Communications, (416)365-6466; Myra Reisler, Director, Public Affairs, (416) 365-5370

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DundeeWealth Inc.

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