Goodman & Company to seek unitholder approval for change to investment
objective of Dynamic Equity Income Fund

TORONTO, Aug. 5 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company" or the "Manager"), manager of Dynamic Equity Income Fund (the "Fund"), announced today that it will seek the approval of unitholders of the Fund in respect of a proposal to change the Fund's investment objective.

The Fund's current investment objective is to seek to achieve high income and long term growth of capital through investment primarily in business, resource, real estate, utility and other investment trusts and interest bearing securities. Changes to the tax treatment of income trusts beginning in January 2011 will result in them generally being taxed at the same rate as corporations, resulting in many income trusts converting to corporations, thus reducing the number of income trusts in which the Fund can invest. In response, the Fund proposes to change its investment objective so as to allow the Fund greater flexibility to invest in other forms of issuers, such as corporations, in pursuing its original mandate.

The Manager believes that the interests of unitholders of the Fund will be better served by changing the investment objective of the Fund to allow it to seek to achieve high income and long term growth of capital by investing primarily in equity securities that pay a dividend or a distribution.

Unitholders of record as of the close of business on September 1, 2010 will receive a notice of special meeting (to be held on or about October 13, 2010), proxy and management information circular describing the proposed change to the investment objective. The proposed change is subject to the Fund obtaining all necessary approvals, including unitholder approval.

About Goodman & Company

Goodman & Company is a 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 and hedge funds of Dynamic Funds(R), 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 a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).

Caution regarding forward-looking statements

Certain portions of this news release may contain forward-looking statements about the Fund. 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 Fund action, 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 Fund. Any number of important factors could contribute to these digressions, including, but not limited to, failure to receive unitholder approval of the change described herein at the special meetings or failure to receive all required regulatory approvals to implement the change should it be approved by unitholders at the special meetings. 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 Fund has 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 Fund, please visit their respective profiles at Unitholders are encouraged to consult with their own tax advisors for advice with respect to the tax consequences of the proposed mergers having regard to their own particular circumstances.


For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1.800.268.8186 or; Myra Reisler, Media Relations, 416.365.5370

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