Dundee Corporation

Dundee Corporation

March 30, 2005 17:07 ET

Dundee Corporation Renews Its Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DUNDEE CORPORATION

TSX SYMBOL: DBC.SV.A

MARCH 30, 2005 - 17:07 ET

Dundee Corporation Renews Its Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - March 30, 2005) - Dundee Corporation
(TSX:DBC.SV.A) today announced that purchases of a maximum of 1,209,756
of its class A subordinate voting shares ("Subordinate Voting Shares"),
representing approximately 5% of the 24,195,118 issued and outstanding
Subordinate Voting Shares, by means of a normal course issuer bid
through the facilities of The Toronto Stock Exchange ("TSX"), will
commence on April 1, 2005 and will terminate no later than March 31,
2006. The purchases will be made in accordance with the Policies and
rules of the TSX. The price paid for any Subordinate Voting Shares
acquired will be the market price at the time of purchase and all
Subordinate Voting Shares purchased under the bid will be cancelled.

Dundee Corporation purchased an aggregate of 67,228 Subordinate Voting
Shares at an average price of $24.96 per share through the facilities of
the TSX under a normal course issuer bid which commenced on April 1,
2004 and will expire March 31, 2005.

Dundee Corporation believes that the purchase of its Subordinate Voting
Shares at current market values represents a good long-term investment
for the Company.

A copy of the Notice may be obtained upon request from the Secretary of
the Corporation, without charge.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Dundee Corporation
    Joanne Ferstman
    Executive Vice-President, Chief Financial
    Officer and Corporate Secretary
    (416) 365-5010