IPC Financial Network Inc. has mailed a management information circular to its shareholders about its pending merger with Dundee Wealth Management, in preparation for the annual shareholder meeting on Feb. 26, 2003.

In December, IPC and Dundee Wealth entered into of a merger agreement. Dundee will acquire all of the shares of IPC. The proposed transaction is expected to be complete by the end of April. The parties continue to work towards the fulfillment of the various transaction conditions. In particular, the IPC is working to resolve certain regulatory and other matters relating to IPC Securities Corporation’s Montreal operations.

IPC expects to call a separate special meeting of its shareholders to consider its previously announced transaction involving Dundee Wealth Management Inc.