Three Bank of Montreal Dynamic'R' PRINCIPALPLUS'TM' Deposit Notes Close, Raising $86.075 Million.TORONTO -- Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") announces the closing of three Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). Dynamic PRINCIPALPLUS Deposit Notes (the "Deposit Notes"), with gross proceeds of $86.075 million. The Deposit Notes offer up to 200% exposure to a portfolio comprised of 6 leading Dynamic mutual funds (the "Fund Portfolio"), with 100% principal protection if held to maturity. The degree of exposure will be determined by an asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. strategy designed to ensure principal protection, while increasing exposure. The return, if any, on the Deposit Notes will be based on the performance of the Fund Portfolio. Three versions of the Deposit Notes were offered for sale: Yield Class(TM), Series 2, designed to offer potential taxable distributions; R.O.C.(TM) Class, Series 2, designed to offer potential tax efficient distributions, and the Total Return Class, Series 1, designed to maximize growth. Investors in the Yield Class will receive monthly distributions equivalent to 75% of the distribution, if any, received from the Fund Portfolio with the remaining 25% reinvested in the Fund Portfolio. Investors in the R.O.C. class will receive monthly principal repayments equivalent to 75% of distributions, if any, received from the Fund Portfolio with the remaining 25% reinvested in the Fund. The Total Return Class reinvests 100% of distributions, if any, received from the Fund Portfolio back into the Fund Portfolio. The return, if any, on the R.O.C Class will be reduced by a percentage of the amounts the investors receive prior to maturity of the Deposit Note. The Deposit Notes offer access to three core asset classes: growth equities represented by Dynamic Power Canadian Growth Fund and Dynamic Power American Growth Fund: income equities represented by Dynamic Focus+ Diversified Income Trust Fund and Dynamic Dividend Value Fund: and fixed income represented by Dynamic Income Fund and Dynamic Canadian High Yield Bond Fund. Dynamic Funds(TM) is one of the country's most respected mutual fund companies and the recipient of the Fund Company of the Year Award at the 2005 Canadian Investment Awards. The Deposit Notes were issued by Bank of Montreal on March 15, 2006, and will mature on March 23, 2015. The Deposit Notes are 100% eligible for registered plans. The complete terms of the offerings are set out in the Information Statements dated January 16, 2006 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Deposit Notes. Goodman & Company is a leading investment firm tracing its portfolio management roots back nearly 50 years, with approximately $19.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Goodman & Company, including Dynamic Funds and its affiliates, offers a wide range of wealth management solutions through registered financial advisors, including mutual funds, fee based programs (Viscount viscount European title of nobility, ranking immediately below a count, or earl. The wife of a viscount is a viscountess. In the Carolingian period, the vicecomes were deputies or lieutenants of the counts (comes), whose official powers they exercised by delegation. and Marquis), limited partnerships (CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information and Canada Dominion), a labour-sponsored fund, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a subsidiary of Dundee Wealth Management Dundee Wealth management is a Toronto, Canada based financial services firm. The parent company of Dundee Wealth Management is Dundee Corporation. Dundee Wealth Management operates a number of different wholly-owned subsidiaries, shown in the sections below. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DW). |
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