Dundee Corporation

Dundee Corporation is a holding company based in Toronto, Ontario, Canada with wealth management, real estate and resources holdings.

Dundee Corporation
TypePublic
TSX: DC.A
FounderNed Goodman
Headquarters
Toronto, Ontario
,
Canada
Websitewww.dundeecorporation.com

Dundee Corporation was founded by Canadian entrepreneur made billionaire, Ned Goodman. It has been acknowledged in company literature to have been named after the city of Dundee, in Scotland (Scottish Gaelic: Dùn Dèagh), which means "Fort on the River Tay" in Scottish Gaelic (the Tay being the longest river in Scotland). While company literature explains the origin of the company name; it is unclear why the company was named after the city of Dundee. Ned Goodman and his family are known widely as a prominent Canadian business family.

The company's real estate investment trust, Dundee REIT is known for jointly acquiring Scotia Plaza from Scotiabank in May 2012 with H&R REIT.[1] In September 2017, Dundee corporation unit acquired 7.5 million units of Reunion Gold Corporation.[2]

Divisions

Dundee Corporation operates in three major business segments:[3]

  • Wealth Management Segment
    • DundeeWealth Inc. (sold off)
    • Dundee Capital Markets Inc. (100% owned subsidiary)
    • Dundee Goodman Private Wealth (100% owned subsidiary)
    • Dundee Leeds (100% owned subsidiary)
    • Goodman & Company, Investment Counsel (100% owned subsidiary)
  • Real Estate Segment
  • Resource Segment
    • Dundee Energy (54% owned subsidiary)
    • Dundee Precious Metals Inc. (20% owned subsidiary)
    • In May 2017, Dundee Resources Limited (100% owned subsidiary) acquired 1,000,000 common shares of Diagnos Inc.[4]

Sources
  1. The Canadian Press (22 May 2012). "Scotiabank sells downtown Toronto HQ for $1.27B". CBC News. Retrieved 24 May 2012.
  2. "BRIEF-Dundee Corp, unit acquires 7.5 mln units of Reunion Gold Corp". Reuters. 11 September 2017. Retrieved 2017-10-10.
  3. "Dundee Corporation 2010 Q3 Report" (PDF). Archived from the original (PDF) on 2011-07-26. Retrieved 2011-02-06.
  4. "Dundee Corporation Acquires Further Interest in Diagnos Inc". MarketWatch. Retrieved 2017-10-10.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.