Dundee Corporation redeems preference shares to simplify capital structure and enhance shareholder value.

From GlobeNewswire: 2024-10-01 17:01:00

Dundee Corporation (TSX: DC.A) has successfully redeemed all outstanding cumulative 5-year rate reset first preference shares and cumulative floating rate first preference shares. The redemption price of $25.00 per share, along with accrued dividends, was paid to shareholders on October 1, 2024. President and CEO, Jonathan Goodman, stated the move was to simplify the capital structure and enhance shareholder value, focusing on generating cash flow. Dundee Corporation is a Canadian holding company listed on the Toronto Stock Exchange, specializing in mining investments. The company cautions that this press release may contain forward-looking information subject to risks and uncertainties. For more information, contact Investor and Media Relations at (416) 864-3584 or [email protected].



Read more at GlobeNewswire: Dundee Corporation Completes the Redemption of Its Series 2