|By Marketwired .||
|April 7, 2014 02:11 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/07/14 -- Dundee Corporation ("Dundee" or the "Company") (TSX:DC.A) today announced receipt of regulatory approval respecting its intention to continue its normal course issuer bid (the "Bid") through the facilities of the Toronto Stock Exchange ("TSX") from April 8, 2014 to April 7, 2015. No purchases were made under the Company's prior normal course issuer bid which expired on March 31, 2014. Dundee may purchase up to a maximum of 2,550,098 of its Class A Subordinate Voting Shares ("Class A Shares"), representing approximately 5% of the Class A Shares. As of March 31, 2014, Dundee had 51,001,962 Class A Shares issued and outstanding. Dundee may purchase up to 22,137 Class A Shares during any trading day which represents 25% of its average daily trading volume being 88,549 Class A Shares for the most recently completed six calendar months prior to TSX acceptance of the notice of normal course issuer bid, other than pursuant to a block purchase exception. The purchases will be made in accordance with the Policies and rules of the TSX. The price paid for any Class A Shares acquired will be the market price at the time of purchase and all Class A Shares purchased under the Bid will be cancelled.
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian independent holding company listed on the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of its core competencies including investment advisory and corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these core focus areas, as well as other select investments in both publicly listed and private companies.
President and Chief Executive Officer
Vice President and Chief Financial Officer
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