DundeeWealth(R) Declares Quarterly Dividend on Common and Special Shares

TORONTO, Aug. 3 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) today announced that its board of directors has approved the payment of a quarterly cash dividend of $0.07 per common and special share, payable on October 1, 2010, or as otherwise provided under the terms of any applicable escrow agreements, to shareholders of record on September 17, 2010.

The dividend is designated as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that currently oversees $70.0 billion in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds(R), managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW).

For further information: John Pereira, Chief Financial Officer, DundeeWealth Inc., [phone]; Myra Reisler, Manager, Public Affairs, DundeeWealth Inc., [phone]