Stock Buybacks
By The Online Investor Staff, updated Thu., Apr. 18, 12:56 PM
Slide #11. Dundee Corporation cumulative 5-year rate reset first preference shares, series 2
Company: |
Dundee Corporation cumulative 5-year rate reset first preference shares, series 2 (DC.PR.B.CA) |
Share Amount Authorized: |
114,536 |
Buyback Details: |
Dundee Corporation (TSX:DC.A,DC.PR.B,DC.PR.D.CA) ("Dundee" or the "Company") announced today receipt of regulatory approval for its notice of intention to renew its normal course issuer bids ("Bids") in respect of its class A subordinate voting shares ("Class A Shares"), cumulative 5-year rate reset first preference shares, series 2 ("Series 2 Shares") and cumulative floating rate first preference shares, series 3 ("Series 3 Shares"), and collectively with Class A Shares and Series 2 Shares, the ("Securities") through the facilities of the Toronto Stock Exchange ("TSX") or alternative Canadian trading systems from April 12, 2024 to April 11, 2025. Dundee may purchase up to a maximum of 7,692,104 Class A Shares, 114,536 Series 2 Shares and 72,498 Series 3 Shares under the Bids, representing approximately 10% of the Company's public float on each class of Security. 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. The average daily trading volume for the most recently completed six calendar months prior to TSX acceptance of the Bids is 78,873 Class A Shares, 482 Series 2 Shares and 1,316 Series 3 Shares. Under the Bids, Dundee may purchase up to 19,718 Class A Shares, 1,000 Series 2 Shares and 1,000 Series 3 Shares during any trading day, other than pursuant to a block purchase exception. |
Dundee Corporation cumulative 5-year rate reset first preference shares, series 2: trading symbol DC.PR.B.CA
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April 18, 2024 12:56 PM Eastern
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