Toronto-based investment manager Gluskin Sheff + Associates Inc. (TSX:GS) said Monday that it will pay a special dividend of 65 cents per share based on performance fees earned in the second half of 2012.

The company said it earned $32 million in performance fees for the quarter ended Dec. 31 and $34 million for the last six months of 2012.

Assets under management at Dec. 31 were approximately $5.7 billion.

Gluskin Sheff manages investment portfolios for wealthy private clients and institutional investors.