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IPO Completed by Hedge Fund

June 22, 2006 : Permanent Link
WEST PALM BEACH, FL (HEDGECO.NET) – Goodman & Company, Investment Counsel Ltd. announced that diversiGlobal Dividend Value Fund has completed its initial public offering. The hedge fund issued 3,500,000 units at $10.00 per unit, for gross proceeds of $35 million, in cash and exchange eligible securities. The hedge fund has granted the agents an over-allotment option to acquire up to 525 additional units, which is exercisable at any time during the next 30 days. The Fund’s units commenced trading today on the Toronto Stock Exchange under the symbol DGD.UN.

The Offering was made through a syndicate co-led by RBC Capital Markets, CIBC World Markets Inc. and Dundee Securities Corporation that included Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Berkshire Securities Inc. and Blackmont Capital Inc.

Goodman & Company is a Canadian investment firm tracing its portfolio management roots back nearly 50 years, with approximately $20 billion in assets under management, Goodman & Company, Investment Counsel Ltd. is a subsidiary of Dundee Wealth Management Inc.

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Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net

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