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By The Online Investor Staff, updated Thu., Apr. 18, 7:46 PM
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Stock Buybacks
| This Slide: #12 of 25 |
Slide #12. Dundee Corporation Class A Subordinate Shares
Company:
Dundee Corporation Class A Subordinate Shares (TSE:DC.A.CA)
Share Amount Authorized:
7,692,104
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 is a holding company. Through its subsidiaries, Co. is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Co. also holds, directly and indirectly, a portfolio of investments in these main areas, as well as other select investments in both publicly listed and private enterprises.
Preferreds: DC.PRA.CA, DC.PRB.CA
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