Goodman & Co., Investment Counsel Ltd. announced yesterday that it no longer intends to merge DMP Canadian Dividend Class into DMP Canadian Value Class.
The merger had been proposed in anticipation of DMP Canadian Dividend Class being subject to increased capital tax. Tax changes announced by the federal government last Tuesday, however, have created a more favourable situation for DMP Canadian Dividend Class in this regard.
Goodman & Company is an investment firm with more than $20 billion in assets under management.