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Dundee Corp T.DC.PR.D


Primary Symbol: T.DC.A Alternate Symbol(s):  DNDPF | DDEJF | T.DC.PR.B | DNDEF

Dundee Corporation is a Canada-based holding company. Through its operating segments, the Company is a mining- focused investor primarily engaged in acquiring mineral resource assets. Its segments include Corporate and Other Portfolio Holdings; Goodman & Company, Investment Counsel Inc.; Dundee Sustainable Technologies Inc.; United Hydrocarbon International Corp., and Dundee 360 Real Estate Corporation. Corporate and Other Portfolio Holdings segment invests in public and private equity and debt securities in diversified industry segments. Goodman & Company, Investment Counsel Inc. includes the activities of Dundee Global Investment Management Inc. Dundee Sustainable Technologies Inc., a 78%-owned subsidiary developing patented sustainable precious and base metals extraction processes. United Hydrocarbon International Corp., an 84%-owned private subsidiary engaged in oil and gas exploration through the holding of a royalty interest in the Republic of Chad.


TSX:DC.A - Post by User

Post by pierrelebelon Sep 28, 2023 1:13pm
138 Views
Post# 35659759

NCIB

NCIBApril 10,2023
  • Dundee (DC.A) has received regulatory approval for normal course issuer bids (NCIB) on three share classes
  • The company may purchase up to a maximum of 7,571,650 Class A shares, 114,916 Series 2 shares and 181,752 Series 3 shares, representing 10 per cent of the company’s public float of each share class
  • President and CEO Jonathan Goodman views the purchase of shares for cancellation at current prices as a prudent long-term investment to streamline Dundee’s capital structure, reduce future dividend payments, and return excess cash to shareholders
  • Dundee Corporation is an active investor with more than 30 years of experience making accretive mining investments
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Five months later, the shares are trading at $1.15.

Why is management not buying?

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