- 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
- Dundee stock (TSX:DC.A) opened today at $1.20
Dundee (DC.A) has received regulatory approval for normal course issuer bids (NCIB) on three share classes.
These include Class A subordinate voting shares, cumulative 5-year rate reset first preference shares, series 2, and the cumulative floating rate first preference shares, series 3.
The bids will run from April 12, 2023 to April 11, 2024, with maximum purchases up to 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 good long-term investment to streamline Dundee’s capital structure, lower 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.
Dundee (DC.A) opened today at $1.20.
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