RE: Dundee DC.A Dundee CEO acquires Class A, Class B shares of Dream
2013-05-31 15:26 ET - News Release
Mr. Ned Goodman reports
ACQUISITION OF INTEREST IN DREAM UNLIMITED CORP. PURSUANT TO PLAN OF ARRANGEMENT
Ned Goodman, the president and chief executive officer of Dundee Corp. and the chair of Dream Unlimited Corp., 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, representing approximately 3.34 per cent of the total number of outstanding Class A subordinate voting shares of Dream and 99.05 per cent 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 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.