Dynamic Funds(R) announces list of funds for non-HST series

TORONTO, Aug. 9 /CNW/ - Dynamic Funds(R) ("Dynamic"), managed by Goodman & Company, Investment Counsel Ltd. (the "Manager"), today announced the list of Dynamic mutual funds ("Applicable Funds") for which it proposes to launch a new series for investors residing in provinces not subject to a harmonized sales tax ("HST").

The selection process included careful analysis of asset size and asset class to ensure a broad range of cost-efficient solutions is available. Dynamic has proposed to create a non-HST Series A security for the following 44 funds:

    
    Canadian Equity Funds

    Dynamic Canadian Dividend Fund
    Dynamic Canadian Value Class
    Dynamic Power Canadian Growth Class
    Dynamic Power Canadian Growth Fund
    Dynamic Power Small Cap Fund
    Dynamic Value Fund of Canada

    Foreign Equity Funds

    Dynamic American Value Fund
    Dynamic Focus+ Equity Fund
    Dynamic Global Discovery Fund
    Dynamic Global Dividend Value Fund
    Dynamic Global Value Fund
    Dynamic Power Global Growth Class

    Equity Income Funds

    Dynamic Dividend Fund
    Dynamic Energy Income Fund
    Dynamic Equity Income Fund
    Dynamic Small Business Fund

    Balanced Funds

    Dynamic Dividend Income Fund
    Dynamic Focus+ Balanced Fund
    Dynamic Power Balanced Class
    Dynamic Power Balanced Fund
    Dynamic Strategic Yield Class
    Dynamic Strategic Yield Fund
    Dynamic Value Balanced Class
    Dynamic Value Balanced Fund

    Fixed Income Funds

    Dynamic Advantage Bond Fund
    Dynamic Canadian Bond Fund
    Dynamic High Yield Bond Fund

    Specialty Funds

    Dynamic Diversified Real Asset Fund
    Dynamic Financial Services Fund
    Dynamic Focus+ Resource Fund
    Dynamic Precious Metals Fund
    Dynamic Strategic Gold Class

    Portfolio Solutions

    Dynamic Strategic Growth Portfolio
    DynamicEdge Balanced Class Portfolio
    DynamicEdge Balanced Portfolio
    DynamicEdge Balanced Growth Class Portfolio
    DynamicEdge Balanced Growth Portfolio
    DynamicEdge Equity Portfolio
    DynamicEdge Growth Portfolio
    Marquis Balanced Portfolio
    Marquis Growth Portfolio
    Marquis Institutional Balanced Growth Portfolio
    Marquis Institutional Balanced Portfolio

    Dynamic Managed Portfolios

    DMP Resource Class
    

The non-HST series for each Applicable Fund is expected to be available for new purchases and switches by investors in the fall of 2010. The redesignation of eligible assets of the Applicable Funds from the current series to the new non-HST series is expected to take place in the first quarter of 2011. The implementation of the non-HST series for the Applicable Funds is subject to all necessary approvals, including regulatory approval and, where applicable, shareholder approval. Investors in Series A of the Applicable Funds will be notified in advance of the redesignation from the current series to the new non-HST series.

About Dynamic Funds

Dynamic Funds is a division of Goodman & Company, Investment Counsel Ltd., a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW). Goodman & Company 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, the flow-through limited partnerships of CMP(TM) and Canada Dominion and the high net worth investment counsel of Goodman Private Wealth Management.

Caution regarding forward-looking statements

Certain portions of this news release may contain forward-looking statements about the Applicable Funds. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action by the Applicable Funds, is also a forward-looking statement. Forward-looking statements are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date.

Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements made by the Applicable Funds. Any number of important factors could contribute to these digressions, including, but not limited to, failure to shareholder approval of the matters described herein or failure to receive all required regulatory approvals to implement the matters. We stress that the above mentioned list of important factors is not exhaustive.

We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing any undue reliance on forward-looking statements. Further, you should be aware of the fact that the Applicable Funds do not have any specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For a complete disclosure record for the Applicable Funds, please visit their respective profiles at www.sedar.com.

For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Media Relations, [phone]