Dundee Corp. announced today that the holders of class A subordinate voting and class B common shares approved a subdivision of each of the subordinate voting shares and common shares on a three-for-one basis at the annual and special meeting held on June 20.

Articles of amendment were filed today and the subdivisions will become effective as of the close of business on July 6.

It is expected that the subordinate voting shares will commence trading on the Toronto Stock Exchange on a post-split basis on July 4.

Holders of the subdivided shares of record as of the close of business on July 6 will receive two additional shares of the same class for each share held. It is expected that share certificates representing the additional shares to be issued pursuant to the subdivision will be mailed by the corporation’s transfer agent and registrar on or about July 11.

The subdivisions will increase the number of subordinate voting shares outstanding from 24,067,586 to 72,202,758 and the number of common shares outstanding from 1,040,303 to 3,120,909.

Dundee Corp. is primarily a holding company dedicated to wealth management, real estate and resources. Its domestic financial service activities are carried out through its 58% controlled subsidiary, DundeeWealth Inc. Dundee Corp.’s real estate activities are conducted through its approximate 78% owned subsidiary, Dundee Realty Corp., which operates a land and housing business in Canada and the United States. Resource activities are carried out through its wholly owned subsidiary, Dundee Resources Limited.