DBRS Releases Report on Diversified Preferred Share Trust

DBRS has today released a report on Diversified Preferred Share Trust (the Trust) that supports the recent confirmation of the stability rating of STA-3 (high) on the retractable units (the Units) issued by the Trust. Proceeds from the Trust’s offerings have been used to invest in a diversified portfolio (the Portfolio) of preferred shares and securities. The Portfolio is passively managed by Sentry Investment Inc. (the Administrator).

Since September 2004, the Trust has been making quarterly distributions to Unitholders equal to $0.30 per share, yielding 4.80% per annum on the Unit issue price of $25, or 5.75% on the Unit price as of September 27, 2011. On September 26, 2011, the Trust announced a change in the quarterly distribution rate from $0.30 per Unit to $0.25 per Unit, effective with the fourth-quarter distribution, payable on January 13, 2010, to Unitholders of record on December 30, 2011. The change in the dividend amount will remain as such until further guidance is provided by the Trust.

Today’s report and the October 5, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.