Dundee Corporation

Dundee Corporation Renews Normal Course Issuer Bids on Three Share Classes

Retrieved on: 
Tuesday, April 9, 2024
G&A, Toronto Stock Exchange, Dundee Corporation, Security (finance), TSX, Security, Calendar, Mining

Reducing the number of Series 2 Shares and Series 3 Shares outstanding also lowers future dividend payments.

Key Points: 
  • Reducing the number of Series 2 Shares and Series 3 Shares outstanding also lowers future dividend payments.
  • As of March 31, 2024, Dundee had 85,711,707 Class A Shares, 1,145,362 Series 2 Shares and 724,982 Series 3 Shares issued and outstanding.
  • Under Dundee’s current normal course issuer bids which are set to expire on April 11, 2024, the Company sought and received approval from the TSX to purchase up to 7,571,650 Class A Shares, 114,916 Series 2 Shares and 181,752 Series 3 Shares.
  • The Company purchased a total of 246,400 Class A Shares at an average price of $0.82, 3,800 Series 2 Shares at an average price of $18.92 and 178,500 Series 3 Shares at an average price of $20.00 under the current normal course issuer bids.

Dundee Corporation Holds the Line on Cost Reduction, Announces Fourth Quarter and Year-End Results

Retrieved on: 
Wednesday, March 27, 2024
DST, Environment, Rate, Corporation, Gold, Sale, Dundee Corporation, Thetford Mines, TSX, Investment, Engineering, Mining, Cryptocurrency

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.

Key Points: 
  • TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.
  • Reported a net loss from portfolio investments for the fourth quarter of 2023 of $0.8 million (2022 – income of $39.9 million).
  • For the year ended December 31, 2023, the Corporation reported a net loss from portfolio investments of $23.0 million (2022 – income of $53.6 million).
  • Reported consolidated general and administrative expenses for the current quarter of $2.5 million (2022 – $7.1 million), representing a 65% year-over-year decline as Dundee sustains momentum with cost-cutting initiatives.

Dundee Corporation Declares Quarterly First Preference Shares, Series 3 Dividend

Retrieved on: 
Thursday, February 29, 2024
TSX, Dundee Corporation

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.D) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.56968 per cumulative floating rate first preference share, series 3 payable on April 1, 2024 to shareholders of record on March 18, 2024.

Key Points: 
  • TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.D) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.56968 per cumulative floating rate first preference share, series 3 payable on April 1, 2024 to shareholders of record on March 18, 2024.

Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend

Retrieved on: 
Thursday, February 29, 2024
TSX, Dundee Corporation

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.B) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.33025 per cumulative 5-year rate reset first preference share, series 2 payable on April 1, 2024 to shareholders of record on March 18, 2024.

Key Points: 
  • TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.B) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.33025 per cumulative 5-year rate reset first preference share, series 2 payable on April 1, 2024 to shareholders of record on March 18, 2024.

Dundee Corporation Announces Results of Substantial Issuer Bid for Its Series 3 Preferred Shares

Retrieved on: 
Thursday, December 28, 2023
Rate, Dundee Corporation, Loan, News, Loan agreement, Treasury, Letter, Creditor, TSX, Investment, Security (finance)

Based on the report of Computershare Investor Services Inc., as depositary for the Offer (the “Depositary”), 914,040 Series 3 Shares were tendered to the Offer.

Key Points: 
  • Based on the report of Computershare Investor Services Inc., as depositary for the Offer (the “Depositary”), 914,040 Series 3 Shares were tendered to the Offer.
  • All Series 3 Shares purchased by the Corporation under the Offer will be cancelled in due course.
  • The Series 3 Shares purchased under the Offer represent approximately 55.8% of the Series 3 Shares issued and outstanding before giving effect to the Offer.
  • After giving effect to the cancellation of the Series 3 Shares purchased by the Corporation under the Offer, 724,982 Series 3 Shares will be issued and outstanding.

Dundee Corporation Announces Intention to Commence a Substantial Issuer Bid for Up to C$20,000,005 in Value of its Series 3 Preferred Shares

Retrieved on: 
Monday, November 20, 2023
Purchasing, Collateral, Lock, Sale, Hand, Dundee Corporation, Series 3, News, Loan agreement, Letter, Investment, TSX, Toronto Stock Exchange, Toronto-Dominion Bank, Nature, Security (finance)

As part of this process, the Corporation has taken significant steps to streamline its capital structure and strengthen its balance sheet.

Key Points: 
  • As part of this process, the Corporation has taken significant steps to streamline its capital structure and strengthen its balance sheet.
  • All Series 3 Shares purchased by the Corporation under the Offer will be cancelled in due course.
  • As of November 20, 2023, the Corporation had 1,639,022 Series 3 Shares issued and outstanding.
  • The Series 3 Shares are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “DC.PR.D”.

Dundee Corporation Maintains Steady Course on Cost Reduction, Reports Third Quarter 2023 Financial Results and Announces Changes to the Board of Directors

Retrieved on: 
Wednesday, November 8, 2023
Sale, Dundee Corporation, Gold, Mining, Corporation, Risk, Thetford Mines, DST, Safety, Investment, TSX, Appetite, Cryptocurrency, Pharmaceutical industry, Management, Security (finance)

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three and nine months ended September 30, 2023.

Key Points: 
  • TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three and nine months ended September 30, 2023.
  • Reported a net loss from portfolio investments for the third quarter of 2023 of $24.7 million (2022 – income of $20.0 million).
  • For the nine months ended September 30, 2023, the Corporation reported a net loss from portfolio investments of $22.2 million (2022 – income of $13.7 million).
  • Reported share of loss from equity accounted investments for the third quarter of 2023 of $0.6 million (2022 – income of $1.0 million).

Dundee Corporation Declares Quarterly First Preference Shares, Series 3 Dividend

Retrieved on: 
Wednesday, November 8, 2023
Dundee Corporation, TSX, Holding company

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.D) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.58351 per cumulative floating rate first preference share, series 3 payable on January 2, 2024 to shareholders of record on December 19, 2023.

Key Points: 
  • TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.D) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.58351 per cumulative floating rate first preference share, series 3 payable on January 2, 2024 to shareholders of record on December 19, 2023.

Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend

Retrieved on: 
Wednesday, November 8, 2023
Dundee Corporation, TSX, Holding company

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.B) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.33025 per cumulative 5-year rate reset first preference share, series 2 payable on January 2, 2024 to shareholders of record on December 19, 2023.

Key Points: 
  • TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.B) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.33025 per cumulative 5-year rate reset first preference share, series 2 payable on January 2, 2024 to shareholders of record on December 19, 2023.

Dundee Corporation Announces Acquisition of Shares of Reunion Gold Corporation

Retrieved on: 
Friday, September 29, 2023
TSX, Acquisition, News, National instrument, Related, Dundee Corporation, System, Security (finance), Issuer

TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired 6,520,000 common shares (“Shares”) of Reunion Gold Corporation (the “Issuer”) under its recently completed bought deal offering at the price of C$0.46 per share for aggregate consideration of C$2,999,200.00.

Key Points: 
  • TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired 6,520,000 common shares (“Shares”) of Reunion Gold Corporation (the “Issuer”) under its recently completed bought deal offering at the price of C$0.46 per share for aggregate consideration of C$2,999,200.00.
  • Immediately prior to the acquisition of Shares described in this news release, Dundee and its affiliates owned or controlled 167,042,521 Shares, 20,283,653 warrants and 1,521,565 compensation options representing an approximate 16.18% interest in the Issuer on an undiluted basis and 17.91% interest on a partially diluted basis.
  • The early warning report respecting the acquisition will be filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com under the Issuer’s profile.
  • To obtain a copy of the early warning report filed by Dundee, please contact: