Company Details

Directors and Officers

The following are the names, office(s) held and principal occupations of the directors and officers of the Company:

Brian D. McChesney
President, Chief Executive Officer and Director
(Corporate Director)

Stephen D. Pearce
Chief Financial Officer, Secretary and Director
(Director, Scotia Capital Inc.)


Profile

Diversified Private Equity Corp. was created to provide investors with tax-efficient exposure to the total return of an initially equally weighted notional portfolio (the "Portfolio") consisting of the ten largest firms specializing in private equity investments that are publicly traded in North America and the ten largest firms specializing in private equity investments that are publicly traded in Europe. On March 15, 2012 the Class A Shares were redeemed by the Company in accordance with the redemption provisions as detailed in the prospectus dated February 28, 2007.

General Information

Distribution Policy

Shareholders were not paid distributions by the Company as all net distributions paid on the Portfolio were reinvested.

Redemption

All Class A Shares were redeemed on March 15, 2012 at a price of $4.5005 per share.

Taxation

Dividends received by individual Class A Shareholders will be subject to the normal gross-up and dividend tax credit rules applicable to dividends received on shares of a taxable Canadian corporation.

The amount of any capital gains dividend received by a holder of Class A Shares will be considered to be a capital gain in the taxation year in which the capital gain dividend is received.

Amounts received as a return of capital are not taxable but must be used to reduce the adjusted cost base of an investor's Shares.

The Company qualifies as a "mutual fund corporation" and a "financial intermediary corporation" as defined in the Income Tax Act (Canada). As a result thereof and after deduction of expenses in computing its income, the Company does not anticipate that it will be subject to any material non-refundable income tax liability.