Search Results for: dundee

Right now the largest yielding preferred shares trading on the TSX are of Dundee Corporation (TSX: DC.A), consisting of two series: (TSX: DC.PR.B and DC.PR.D). They are trading under 40% of par and current yields of roughly 14.5%. A long time ago, I had invested in their redeemable preferred shares, but I have not touched … Continue reading “Dundee – Preferred Shares”

You can read my previous analysis piece on the original exchange offer here. Dundee Corporation has announced a revision to the exchange offer. This offer would have never been made if there were sufficient votes to accept the original exchange offer (2/3rds of votes required). The management information circular has not been posted yet, but … Continue reading “Dundee Corporation – DC.PR.C – Series 4 Preferred Shares – Amended Exchange Offer”

Dundee Corporation (TSX: DC.A) has a preferred share series, Series 4, which trades as TSX: DC.PR.C. The salient features of the preferred share is a par value of $17.84, a 5% coupon, and a shareholder retraction feature which enables the shareholder to put the shares back to the company at par on or after June … Continue reading “Dundee Corporation – DC.PR.C – Series 4 Preferred Shares – Exchange Proposal – Analysis”

Dundee (TSX: DC.A) is an investment corporation. They are family-controlled (by the Goodman family) who control approximately 87% of the voting interest and 18% of the economic interest of the firm through a typical dual class share structure. By virtue of owning Dundee Financial and other majority and minority-held investments, their consolidated financial statements are … Continue reading “Search for yield – Dundee Corp”