Dundee Corporation Announces Results of Conversion Privilege on Its Cumulative 5-Year Rate Reset First Preference Shares, Series 2 and Its Cumulative Floating Rate First Preference Shares, Series 3

TORONTO, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A, DC.PR.B and DC.PR.D) ("Dundee" or the "Company") announces that 651,862 of its Cumulative 5-Year Rate Reset First Preference Shares, Series 2 ("Series 2 Shares") will be converted, on a one for one basis, into Cumulative Floating Rate First Preference Shares, Series 3 ("Series 3 Shares") of the Company and 349,755 Series 3 Shares will be converted into Series 2 Shares, in each case effective September 30, 2019.  As a result, on September 30, 2019, Dundee will have 3,177,278 Series 2 Shares and 2,022,722 Series 3 Shares issued and outstanding, less any Series 2 Shares and Series 3 Shares purchased by the Company for cancellation pursuant to the previously announced normal course issuer bids.

Holders will again have the opportunity to convert their Series 2 Shares into Series 3 or to convert their Series 3 Shares into Series 2 Shares on September 30, 2024, and every five years thereafter as long as the Series 2 Shares and Series 3 Shares remain outstanding.

ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol "DC.A".  Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure.  Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these key areas, as well as other select investments in both publicly listed and private enterprises.

FOR FURTHER INFORMATION PLEASE CONTACT:

John Vincic
Investor and Media Relations
Dundee Corporation
(647) 402-6375