Goodman & Company, Investment Counsel Ltd., the manager of diversiTrust Income+ Fund (“the Fund”) is pleased to announce the closing of the initial public offering of 18,000,000 trust units(“Trust Units”) of the Fund for gross proceeds of $180,000,000 million ($10 per Unit). The Trust Units are listed on the Toronto Stock Exchange and begin trading today under the symbol DTP.UN. ¶ TheFund’s investment objectives are i) to provide Unitholders with a stable stream of monthly cash distributions targeted to be $0.067 per Trust Unit (approximately 8% per annum based on the original$10 issue price); ii) to return the original issue price of the Trust Units upon termination of the Fund on December 31, 2014; iii) to provide the opportunity for capital appreciation. ¶ Thisclosed-end Fund will allow Unitholders to participate in returns on an actively managed and diversified portfolio of High Income Securities, which may include Business Trusts, Resource Trusts, REITs,Utility Trusts Dividend Paying Equities and other High-Yielding Securities. To enhance total returns the Fund may use leverage. The overall limit of such leverage and borrowing transactions will berestricted to 25% of total assets. ¶ The principal managers of the Fund are Ned Goodman and Oscar Belaiche. Both are co-lead portfolio managers of the diversiTrust Income Fund and the Dynamic Focus+Diversified Income Trust Fund. Mr. Goodman has more than 40 years of investment experience as a securities analyst, portfolio manager and senior executive. Mr. Belaiche has over 20 years ofinvestment, operational and business experience. ¶ For the three year period following Closing Goodman & Company has agreed to be paid in Trust Units and will convert any management fees paid incash into additional Trust Units. ¶ In addition to listing the Units of the Fund on the Toronto Stock Exchange, the Fund will implement a mandatory market purchase program to enhance liquidity andprovide market support. Under this program the Fund will purchase up to 2.5% of the outstanding Trust Units in any quarter. Commencing in 2005, Units may be surrendered for redemption at least 10business days prior to March 31, which will be the redemption date in each year. The price per Unit will be equal to the net asset value per Unit determined as of the date of redemption and set outin the prospectus. Units of the Fund are 100% RRSP, RRIF, RESP and DPSP eligible. ¶ RBC Capital Markets, CIBC World Markets Inc., Dundee Securities Corporation, Scotia Capital Inc., BMO Nesbitt BurnsInc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Raymond James Ltd., Berkshire Securities Inc., First Associates Investment Inc.and Wellington West Capital Inc. are agents for the offering.
¶ Goodman & Company is a leading Canadian investment firm tracing its portfolio management roots back over 45 years, with more than $11 billion in assets under management. Goodman & Company, including Dynamic Mutual Funds and its affiliates, offers a wide range of wealth management solutions through registered financial advisors, including mutual funds; fee-based programs (Viscount and Marquis), limited partnerships (CMP and Canada Dominion), a labour-sponsored fund, hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company, Investment Counsel Ltd. is a subsidiary of Dundee Wealth Management Inc. (DW – TSX)
