June 23, 2006

IPO Completed by Hedge Fund

Goodman & Company, Investment Counsel Ltd. has announced that it has completed its first initial public offering. Goodman & Company is a Canadian investment firm that operates as a hedge fund. The firm issued 3,500,000 units at $10 per unit. It also granted the agents an over-allotment option to acquire up to 525 additional units. It is exercisable at any time during the next 30 days. The Fund's units commenced trading on the Toronto Stock Exchange. The offering was made through a syndicate company led by RBC Capital Markets.

According to HedgeCo.net -

Goodman & Company is a Canadian investment firm tracing its portfolio management roots back nearly 50 years, with approximately $20 billion in assets under management, Goodman & Company, Investment Counsel Ltd. is a subsidiary of Dundee Wealth Management Inc.

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