Dundee Corporation
TSX : DC.A

Dundee Corporation

September 21, 2009 09:20 ET

Dundee Corporation Issues Additional Preference Shares Pursuant to Exercise of Over Allotment Option

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF U. S. PERSONS, ABSENT AN APPLICABLE EXEMPTION FROM REGISTRATION.

Dundee Corporation ("Dundee")(TSX:DC.A) announced today that it has issued an additional 600,000 Cumulative 5 Year Rate Reset First Preference Shares, Series 2 (the "Rate Reset Series 2 Preference Shares") at a purchase price of $25.00 per share pursuant to the exercise of the over allotment option granted to the underwriters of its previously announced offering of such Rate Reset Series 2 Preference Shares, under which 4,600,000 Rate Reset Series 2 Preference Shares were issued on September 15, 2009. Including the Rate Reset Series 2 Preference Shares issued today, Dundee has issued 5,200,000 Rate Reset Series 2 Preference Shares for aggregate gross proceeds of $130,000,000. The Rate Reset Series 2 Preference Shares are listed on the Toronto Stock Exchange under the symbol DC.PR.B.

About Dundee Corporation

Dundee Corporation is an asset management company dedicated to private wealth management, real estate and resources that, combined, reflect approximately $65 billion under management and administration. Its domestic wealth management activities are carried out through its 62% controlled subsidiary, DundeeWealth Inc. Dundee Corporation's real estate activities are conducted through its 74% owned subsidiary, Dundee Realty Corporation, which operates as an asset manager of commercial real estate with activities in a land and housing business in Canada and the United States. Resource activities are carried out through its wholly-owned subsidiary, Dundee Resources Limited. Asset management activities are carried out through Ravensden Asset Management Inc. and Dundee Real Estate Asset Management ("DREAM").

Contact Information

  • Dundee Corporation
    Ned Goodman
    President and Chief Executive Officer
    (416) 365-5665
    or
    Dundee Corporation
    Lucie Presot
    Vice President and Chief Financial Officer
    (416) 365-5157