DundeeWealth(R) Declares Quarterly First Preference Shares, Series 1 Dividend

TORONTO, Aug. 3 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW and DW.PR.A) today announced that its board of directors has approved the payment of a quarterly cash dividend of $0.29688 per first preference share, series 1 payable on September 30, 2010 to shareholders of record on September 16, 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]