TORONTO, Aug. 22, 2012 /CNW/ - GCIC Ltd. ("GCICL"), the manager of the Dynamic Funds and Marquis Investment Program, announced today that securityholders have voted in favour of its proposal to replace the majority of operating expenses with a fixed administration fee for the Dynamic Funds and Marquis Investment Program Portfolios (collectively, the "Funds") listed in Appendix A of this release. The change to fixed administration fees will be effective September 1, 2012.
Detailed information regarding the impact of the fixed rate administration fee can be found at www.dynamic.ca/mer. Until June 30, 2015, the Funds may pay an adjustment payment to GCICL in the event there is a significant drop in assets.
Securityholders also approved proposals to modify the language in the investment objectives of certain Funds, to change the performance fee index for Dynamic Strategic Energy Class and to increase the number of classes that are authorized to be issued by Dynamic Global Fund Corporation and Dynamic Managed Portfolios Ltd.
The proposal to establish a fixed administration fee in respect of Dynamic Power Global Growth Fund was withdrawn at the meeting. The series of that fund will continue to bear its own operating expenses.
GCIC Ltd. is a subsidiary of DundeeWealth Inc. and the manager of the Dynamic Funds and the Marquis Investment Program. GCIC Ltd. 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 and the high net worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.
The above is for informational purposes only and is not, and under no circumstances shall be construed as, an offering of the Dynamic Funds, the Marquis Investment Program or any other securities or as investment advice. Investors should read the simplified prospectus of the Dynamic Funds or the Marquis Investment Program, as applicable, for information about each Fund's investment objectives, strategies and the risks associated with an investment in the Fund before investing. Investors should discuss the suitability of the Funds with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
| Appendix A | |
| DMP Canadian Dividend Class DMP Canadian Value Class DMP Global Value Class DMP Power Canadian Growth Class DMP Power Global Growth Class DMP Resource Class DMP Value Balanced Class Dynamic Advantage Bond Class Dynamic Advantage Bond Fund Dynamic Alternative Yield Fund Dynamic American Value Class Dynamic American Value Fund Dynamic Aurion Canadian Equity Class Dynamic Aurion Tactical Balanced Class Dynamic Aurion Total Return Bond Class Dynamic Aurion Total Return Bond Fund Dynamic Blue Chip Balanced Class Dynamic Blue Chip Balanced Fund Dynamic Blue Chip Equity Fund Dynamic Canadian Bond Fund Dynamic Canadian Dividend Class Dynamic Canadian Dividend Fund Dynamic Canadian Value Class Dynamic Corporate Bond Strategies Fund Dynamic Diversified Real Asset Fund Dynamic Dividend Advantage Class Dynamic Dividend Fund Dynamic Dividend Income Class Dynamic Dividend Income Fund Dynamic Dividend Value Fund Dynamic Dollar-Cost Averaging Fund Dynamic EAFE Value Class Dynamic Emerging Markets Class Dynamic Energy Income Fund Dynamic Equity Income Fund Dynamic European Value Fund Dynamic Far East Value Fund Dynamic Financial Services Fund Dynamic Focus+ Resource Fund Dynamic Global Asset Allocation Class Dynamic Global Asset Allocation Fund Dynamic Global Discovery Class Dynamic Global Discovery Fund Dynamic Global Dividend Class Dynamic Global Dividend Fund Dynamic Global Infrastructure Fund Dynamic Global Real Estate Fund Dynamic Global Value Class Dynamic Global Value Fund Dynamic High Yield Bond Fund Dynamic Money Market Class Dynamic Money Market Fund Dynamic Power American Currency Neutral Fund Dynamic Power American Growth Class Dynamic Power American Growth Fund |
Dynamic Power Balanced Class Dynamic Power Balanced Fund Dynamic Power Canadian Growth Class Dynamic Power Canadian Growth Fund Dynamic Power Global Balanced Class Dynamic Power Global Growth Class Dynamic Power Global Navigator Class Dynamic Power Managed Growth Class Dynamic Power Small Cap Fund Dynamic Precious Metals Fund Dynamic Real Return Bond Fund Dynamic Short Term Bond Fund Dynamic Small Business Fund Dynamic Strategic Energy Class Dynamic Strategic Global Bond Fund Dynamic Strategic Gold Class Dynamic Strategic Growth Portfolio Dynamic Strategic Income Portfolio Dynamic Strategic Resource Class Dynamic Strategic Yield Class Dynamic Strategic Yield Fund Dynamic Value Balanced Class Dynamic Value Balanced Fund Dynamic Value Fund of Canada DynamicEdge 2020 Class Portfolio DynamicEdge 2020 Portfolio DynamicEdge 2025 Class Portfolio DynamicEdge 2025 Portfolio DynamicEdge 2030 Class Portfolio DynamicEdge 2030 Portfolio DynamicEdge Balanced Class Portfolio DynamicEdge Balanced Growth Class Portfolio DynamicEdge Balanced Growth Portfolio DynamicEdge Balanced Portfolio DynamicEdge Conservative Class Portfolio DynamicEdge Defensive Portfolio DynamicEdge Equity Class Portfolio DynamicEdge Equity Portfolio DynamicEdge Growth Class Portfolio DynamicEdge Growth Portfolio Marquis Balanced Class Portfolio Marquis Balanced Growth Class Portfolio Marquis Balanced Growth Portfolio Marquis Balanced Income Portfolio Marquis Balanced Portfolio Marquis Equity Portfolio Marquis Growth Portfolio Marquis Institutional Balanced Growth Portfolio Marquis Institutional Balanced Portfolio Marquis Institutional Bond Portfolio Marquis Institutional Canadian Equity Portfolio Marquis Institutional Equity Portfolio Marquis Institutional Global Equity Portfolio Marquis Institutional Growth Portfolio |
SOURCE: GCIC Ltd.
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