TORONTO, April 10, 2013 /CNW/ - Dynamic Funds ("Dynamic") managed by GCIC Ltd. ("GCICL"), today announces the launch of Dynamic Preferred Yield Class and changes to Dynamic Canadian Dividend Class.
Managed by Marc-André Gaudreau and the Montreal-based corporate credit team, Dynamic Preferred Yield Class seeks to provide dividend income while preserving capital through investing primarily in a diversified mix of preferred shares from companies across North America. Dynamic Preferred Yield Class may also invest in dividend paying common shares and interest earning securities.
Additionally, effective today, Dynamic Canadian Dividend Class is renamed Dynamic Income Growth Opportunities Class ("the Fund") to better align with the Fund's investment mandate and its amended investment strategies, also effective today, which consist of broader asset allocation. Don Simpson and David Fingold will continue to co-manage the Fund's equity component and will be joined by Marc-André Gaudreau who has been added as co-manager to the Fund responsible for the fixed income component. Finally, the management fees on Series A and Series T shares of the Fund have been reduced to 1.90% and Series F shares of the Fund to 0.90%, effective today.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. and the manager of the Fund mentioned above. GCIC Ltd. 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.
The above is for informational purposes only and is not, and under no circumstances shall be construed as an offering of the Funds mentioned herein or any other securities or as investment advice. Investors should read the simplified prospectus of the Funds for information about the Funds' investment objectives, strategies and the risks associated with an investment in the Funds before investing. Investors should discuss the suitability of the Funds with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE: Dynamic Funds
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