Dundee Company Announces Final results of Substantial Issuer Bid for Its Series 2 Chosen Shares

TORONTO, Sept. 09, 2020 (World NEWSWIRE) — Dundee Company (TSX:DC, DC.PR.B and DC.PR.D)) (“Dundee” or the “Company“) announced currently the final results of its substantial issuer bid, as amended (the “Provide“), to purchase for cancellation from the holders thereof all of its issued and remarkable Cumulative 5-12 months Rate Reset Very first Choice Shares, Sequence 2 in the cash of the Company (the “Collection 2 Shares“) at a preset selling price of C$19.50 for every Sequence 2 Share. The Offer expired at 5:00 p.m. (Toronto time) on September 8, 2020.

Based on the report of Computershare Trader Solutions Inc., as depositary for the Offer you (the “Depositary“), approximately 1,966,816 Sequence 2 Shares had been tendered to the Provide. In accordance with the phrases and situations of the Provide and based mostly on the Depositary’s report, the Company has taken up and compensated for approximately 1,966,816 Series 2 Shares at a set cost of C$19.50 for each Series 2 Share for an combination invest in rate of about C$38,352,912. All Collection 2 Shares procured by the Corporation under the Present will be cancelled. The Series 2 Shares ordered below the Provide characterize approximately 63% of the Collection 2 Shares issued and remarkable before supplying impact to the Offer you. Following giving impact to the cancellation of the Sequence 2 Shares procured by the Company underneath the Offer, approximately 1,149,162 Series 2 Shares will be issued and exceptional.

The Company has made payment for the Sequence 2 Shares tendered and accepted for order by tendering to the Depositary (i) the mixture order rate, and (ii) the aggregate amount of the accrued dividend payable on the Collection 2 Shares validly tendered, taken up and paid for less than the Offer, all in accordance with the Offer you and relevant regulations. The accrued dividend amount payable for every Series 2 Share validly tendered, taken up and paid for beneath the Offer is C$.25487. Payment to shareholders for the Collection 2 Shares will be made in cash, without the need of fascination, and will be completed by the Depositary as quickly as practicable. Any Series 2 Shares invalidly tendered will be returned to the tendering shareholder promptly by the Depositary.

The comprehensive details of the Give are explained in the Corporation’s offer to buy and issuer bid circular dated July 22, 2020, as amended by the recognize of variation dated August 26, 2020, as properly as the relevant amended letter of transmittal and amended discover of assured supply, copies of which were being filed and are offered below Dundee’s profile on SEDAR at www.sedar.com and are posted on Dundee’s web site at www.dundeecorp.com.

Dundee retained RBC Dominion Securities Inc. to act as fiscal advisor, Cassels Brock & Blackwell LLP to act as its external authorized advisor, Kingsdale Advisors to act as information and facts agent and appointed Computershare Trader Products and services Inc. to act as depositary for the Offer.

The Board of Administrators of the Company will go on to evaluation numerous alternatives for the allocation of funds. Through 2019 and for the duration of 2020 to date, the Corporation has continued to apply its strategy of rationalizing its portfolio of investments and monetizing non-core belongings as it exits small business strains which are no lengthier deemed to be aligned with its for a longer time-expression method, though remaining committed to creating benefit for the Corporation and looking at opportunities that could possibly existing them selves, together with potential returns to shareholders of the Company.

This news launch is for informational applications only and does not constitute an offer you to buy or the solicitation of an present to provide any Collection 2 Shares.

ABOUT DUNDEE Company

Dundee Corporation is a public Canadian independent keeping enterprise, outlined on the Toronto Inventory Exchange beneath the symbol “DC.A”. As a result of its running subsidiaries, Dundee Company is engaged in varied company actions in the parts of investment advisory, corporate finance, power, assets, agriculture, true estate and infrastructure. Dundee Company also retains, immediately and indirectly, a portfolio of investments largely in these crucial regions, as effectively as other pick out investments in equally publicly shown and private enterprises.

FOR More Data Make sure you Make contact with:

John Vincic
Trader and Media Relations for Dundee Corporation
Vincic Advisors
T: (647) 402-6375
E: [email protected]

Ahead-Seeking Statements

Forward-looking statements are included in this news launch. These ahead-wanting statements are identified by the use of conditions these types of as “anticipate”, “imagine”, “could”, “estimate”, “anticipate”, “intend”, “may possibly”, “program”, “predict”, “challenge”, “will”, “would”, and “really should” and similar conditions and phrases, which include references to assumptions. These statements could involve but are not restricted to, Dundee’s designs, targets, anticipations and intentions, which includes statements with regard to the cancellation of Collection 2 Shares bought less than the Offer you and the selection of Collection 2 Shares issued and fantastic immediately after providing result to this kind of cancellation, the timing of payment to be done by the Depositary, the Board of Administrators intention to proceed to overview a variety of possibilities for the long term allocation of capital, and other reviews with respect to approaches, anticipations, prepared operations or long term actions. Forward-on the lookout statements, by their character, are centered on assumptions and are matter to vital pitfalls and uncertainties. Any forecasts, predictions or ahead-searching statements can not be relied on owing to, between other matters, modifying external events and general uncertainties of the small business and its company composition. Outcomes indicated in ahead-seeking statements might vary materially from true benefits for a variety of reasons. The forward-wanting statements contained herein are matter to modify. Nonetheless, Dundee disclaims any intention or obligation to update or revise any forward-hunting statements regardless of whether as a result of new info, potential events or normally, apart from as required beneath applicable securities regulations.

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