DBRS Discontinues Rating on DundeeWealth Senior Debt

DBRS has today discontinued its BBB rating on the Senior Debt of DundeeWealth Inc. (DundeeWealth or the Company) and the associated Issuer Rating. The ratings have been Under Review with Positive Implications since the Bank of Nova Scotia announced its acquisition of DundeeWealth on November 23, 2010; the acquisition closed on February 1, 2011.

Following a special meeting of the Company’s shareholders on September 7, 2011, DundeeWealth announced that it would be redeeming its outstanding 5.10% Series 1 Notes due September 25, 2014 (the Notes) on October 7, 2011, in accordance with their terms. This redemption has now been completed.

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The applicable methodology is Rating Canadian Mutual Fund Companies, which can be found on our website under Methodologies.