DundeeWealth(TM) Declares Quarterly First Preference Shares, Series 1 Dividend

    TORONTO, Aug. 6 /CNW/ - DundeeWealth Inc. (TSX: DW and DW.PR.A) announced
today that the Board of Directors has approved the payment of a quarterly cash
dividend of $0.29688 per first preference share, series 1 payable on September
30, 2009 to shareholders of record on September 16, 2009.
    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 Canadian owned, independent wealth management company
that oversees $61.1 billion in assets under management and administration. 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, 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).

For further information:

For further information: John Pereira, Chief Financial Officer,
DundeeWealth Inc., (416) 365-5180; Myra Reisler, Manager, Public Affairs,
DundeeWealth Inc., (416) 365-5370

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