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.