Dundee to redeem up to 15% of series 5 preferreds at par on June 30

By Susanna Moon

Chicago, May 10 – Dundee Corp. said it has issued a notice to redeem up to 15% of its outstanding series 5 preferred shares.

The preferreds will be redeemed at a price of C$25.00 per preferred plus accrued dividends on June 30, according to a company announcement.

The redemption is at the election of holders, who have the right to deposit and have redeemed up to a maximum of 15% of the preferreds.

Holders must exercise their redemption deposit right by 5 p.m. ET on June 16.

Dundee is a Toronto-based independent holding company. Through its operating subsidiaries, the company is engaged in business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure.

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