Dundee Corp T.DC.A

Alternate Symbol(s): DDEJF

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 mining investments, mining services, and corporate and others. Its asset base includes investments in precious and base metals projects across four continents. Its subsidiaries include Dundee Sustainable Technologies Inc. (Dundee Technologies), Dundee Resources Limited, and Goodman & Company, Investment Counsel Inc. The Dundee Sustainable Technologies Inc., a 78%-owned subsidiary developing patented sustainable precious and base metals extraction processes. Through the development of its patented processes, the GlassLock Process and the CLEVR Process, Dundee Technologies extracts precious and base metals from ores and concentrates, while stabilizing contaminants such as arsenic.

TSX:DC.A - Post by User

Dundee Corp

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Post by valueinvestor89on Sep 30, 2022 2:23pm

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Post# 34998138

DC.PR.D

The series 3 pref is now yielding over 10% a year! (DC.PR.D)

The yield is based on 4.1% spread + the 3 month t-bill which is currenlty 3.55%. That's $1.91 per share / year. Unlike a company dividend they can't just stop paying this.

Given the company has a lot cash and no debt i see these at pretty save and are trading between $18-19 with a par value of $25 (i.e what Dundee would have to pay pref investors in a buyout or a negotiated price)

The yield will go up with every interest rate increase. Vere attractive in this crazy environment.

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