TORONTO, June 22 /CNW/ - Goodman & Company, Investment Counsel Ltd.
("Goodman & Company"), manager of Dynamic Funds(TM) ("Dynamic"), announces the
launch of the eleventh and twelfth series of Bank of Montreal Dynamic
RetirementEdge Income Portfolios(TM) ("Deposit Notes"), an investment solution
that balances the wealth accumulation and distribution needs of baby boomers.
The Deposit Notes will be available until Friday, July 24, 2009. The
Deposit Notes will be issued by Bank of Montreal on or about July 29, 2009 and
are 100% eligible for registered plans and tax-free savings accounts. Series
11 is made available for rollover transactions from previously issued
portfolios, while series 12 is available for new purchases.
Series 11 and 12 will meet the ongoing demand for a portfolio solution
that allows investors to benefit from the growth potential of equities, a
stable cash flow stream, potential tax efficiencies, guaranteed principal
through monthly capital repayment and systematic asset allocation. The new
offering will be available in the following options:
i. Current Pay Notes(TM);
- Monthly distributions begin immediately, at an annual rate of
4.00% of the original deposit amount, for a 20-year term; with the
balance ($20) + any variable return paid at maturity;
- The Deposit Notes mature on July 27, 2029.
ii. Deferred 5 Notes(TM);
- Monthly distributions begin in year six and last until year 25, at
an annual rate of 5.00% of the original deposit;
- The Deposit Notes mature on July 28, 2034.
The Deposit Notes may, except in certain circumstances described in the
Information Statement of the Deposit Notes, provide holders with exposure to
the distributions and capital appreciation of portfolio of notional shares or
units of 11 Dynamic funds:
- Dynamic Focus+ Equity Fund - Dynamic Power Canadian Growth Fund
- Dynamic Global Value Fund - Dynamic Global Discovery Fund
- Dynamic Power Global Growth Class - Dynamic Power Small Cap Fund
- Dynamic Value Fund of Canada - Dynamic Canadian Bond Fund
- Dynamic Dividend Fund - Dynamic High Yield Bond Fund
- Dynamic Global Dividend Value Fund
The terms of the offerings are set out in the Information Statements
dated June 8, 2009 relating to the Deposit Notes.
About Goodman & Company
Goodman & Company is a leading Canadian asset management company tracing
its roots back more than 50 years. Goodman & Company offers a wide range of
wealth management solutions through financial advisors. These include the
mutual funds, hedge funds and closed-end investment trusts 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. Goodman & Company is
an affiliate of DundeeWealth Inc. (TSX: DW).
The above is for information purposes only and is not, and under no
circumstances shall be construed as, an offer to sell or a solicitation to buy
the Deposit Notes or as investment advice. The information contained herein is
subject to and qualified in its entirety by the Information Statement of the
applicable Deposit Note.
The Deposit Notes will be issued by the Bank of Montreal. Goodman &
Company in no way guarantees the principal. Goodman & Company and Bank of
Montreal in no way guarantee any interest, rate of return or growth on or of
the Deposit Notes.
The fluctuations in the value of, and the return on, the fund portfolio
will directly impact the distributions and return, if any, on the Deposit
Notes. It is possible that no return will be paid on the Deposit Notes. The
return, if any, on the Deposit Notes will be reduced by applicable fees and
trading prior to maturity may be subject to an early trading charge as set out
in the applicable Information Statement. Investors should read the Information
Statement carefully before investing and discuss the suitability of the
Deposit Notes with an Investment Advisor before making any investment
decisions. The deposit notes are not insured by Canada Deposit Insurance
Neither Goodman & Company nor Bank of Montreal makes any recommendation
as to the suitability of investing in securities generally or the Deposit
Notes. No person has been authorized to give any information or to make any
representation not contained in the Information Statements relating to the
Deposit Notes and Bank of Montreal and Goodman & Company do not accept any
responsibility for any information not contained in the Information
Statements. Bank of Montreal makes no assurances, representations or
warranties with respect to the accuracy, reliability or completeness of
information contained herein. Furthermore, Bank of Montreal makes no
recommendation concerning Dynamic, mutual funds as an asset class.
For further information:
For further information: Customer Relations Centre, Goodman & Company,
Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Media
Relations, (416) 365-5370