Ned Goodman

May 31, 2013 15:19 ET

Acquisition of Interest in DREAM Unlimited Corp. Pursuant to Plan of Arrangement

TORONTO, ONTARIO--(Marketwired - May 31, 2013) - In accordance with regulatory requirements, it is announced that Mr. Ned Goodman, the President and Chief Executive Officer of Dundee Corporation ("Dundee") and the Chair of DREAM Unlimited Corp. ("DREAM") has acquired directly and indirectly 2,426,822 Class A Subordinate Voting Shares of DREAM and 3,086,583 Class B Common Shares of DREAM (collectively, the "Shares"), representing approximately 3.34% of the total number of outstanding Class A Subordinate Voting Shares of DREAM and 99.05% of the total number of outstanding Class B Common Shares of DREAM, respectively. The Shares were acquired pursuant to a corporate restructuring of Dundee through a tax efficient plan of arrangement (the "Arrangement"), the details of which are described in the management information circular of Dundee dated April 16, 2013. DREAM was established as a new public real estate company as a result of the Arrangement and Mr. Goodman did not previously own any securities of DREAM.

Mr. Goodman's interest in DREAM may be increased or decreased in the future in light of investment criteria, market conditions and other factors in accordance with the provisions of applicable securities legislation.

Contact Information

  • Dundee Corporation
    Ned Goodman
    President and Chief Executive Officer
    (416) 365-5665