DCM Data Communications Management Corp

Dundee Corporation ("DC") (TSX:DC.A) is pleased to announce that it has acquired
all of Dundee Capital Markets Inc.'s ("DCM") (TSX:DCM) outstanding common shares
(the "Common Shares") not held by DC at a price of $1.125 per share by way of a
court approved plan of arrangement under the Business Corporations Act
(Ontario).  


The arrangement was conducted pursuant to an arrangement agreement dated
December 21, 2011 among DC, DCM and 2309598 Ontario Limited. In connection with
the arrangement, DC entered into a voting agreement with The Bank of Nova
Scotia, the largest minority shareholder of DCM. Scotiabank agreed to vote its
shares in favour of the arrangement. Following completion of the arrangement, DC
owns and controls all of the Common Shares.


About Dundee Corporation 

DC is an independent publicly traded Canadian asset management company. DC's
asset management activities are focused in the areas of DC's core competencies
and include real estate and infrastructure as well as energy, resources and
agriculture. Asset management activities are carried out by Ned Goodman
Investment Counsel Limited, a registered portfolio manager and exempt market
dealer across Canada and an investment fund manager in the province of Ontario,
and by DREAM, the asset management division of Dundee Realty Corporation. Asset
management activities will be supported by DC's ownership in DCM which is also
the asset manager of DC's flow-through limited partnership business carried out
through the "CMP", "CDR" and "Canada Dominion Resources" brands. DC also owns
and manages direct investments in these core focus areas, through ownership of
both publicly listed and private companies. Real estate operations are carried
out through DC's 70% ownership in Dundee Realty Corporation, an owner, developer
and manager of residential, commercial and recreational properties in North
America. Energy and resource operations include DC's 57% investment in Dundee
Energy Limited (formerly Eurogas Corporation), an oil and natural gas company
with a mandate to create long-term value through the development of high impact
energy projects. DC also holds several investments in the resource sector for
which it uses equity accounting.


Dundee Corporation has its head office at 1 Adelaide Street East, 21st Floor,
Dundee Place, Toronto, Ontario, M5C 2V9.

Data Communications Mana... (TSX:DCM)
Historical Stock Chart
From Jul 2024 to Aug 2024

Data Communications Mana... (TSX:DCM)
Historical Stock Chart
From Aug 2023 to Aug 2024