DPF India Opportunities Fund Announces Issuer Bid

TORONTO, Dec. 16 /CNW/ - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of DPF India Opportunities Fund (TSX: DPF.UN) (the "Fund"), announces a normal course issuer bid. In accordance with the terms of its initial public offering, the Fund intends to purchase, through the facilities of the Toronto Stock Exchange ("TSX"), up to 2,285,225 trust units of the Fund (the "Trust Units") representing approximately 10% of the public float. As of December 7, 2010, the public float of the Fund was 22,852,254 Trust Units and the issued and outstanding number of Trust Units was 23,090,554.

The Trust Units may be purchased for cancellation commencing on December 20, 2010 through to December 19, 2011 through the facilities of the TSX and may be purchased when the net asset value per Trust Unit exceeds its trading price. Pursuant to TSX policies, the Fund will not purchase during any 30 day period more than 461,811 Trust Units representing 2% of the 23,090,554 Trust Units outstanding as at December 7, 2010. A Notice of Intention to Make a Normal Course Issuer Bid has been accepted by the TSX effective as of December 16, 2010.

The purpose of the normal course issuer bid is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per Trust Unit and the market price of the Trust Units.

The Fund is a TSX-listed closed-end investment trust, seeks to enhance the value of the Trust units offered primarily through capital appreciation driven by an actively managed, diversified investment portfolio. As of December 10, 2010, the net asset value was $6.45 per Trust Unit and the closing trading price was $5.49 per Trust Unit (representing a discount of 14.88% when measured against the net asset value per Trust Unit).

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 wealth management of DundeeWealth Investment Counsel. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).

For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Media Relations, [phone]