Dundee Corporation shuts down investment banking operations

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By CPE News

CPE News (12.2.2022) – Dundee Corporation (TSX: DC.A) has shut down the operations of Dundee Goodman Merchant Partners effective immediately, “due to market conditions and evolving capital allocation priorities.”

Dundee Corporation’s core business is focused on the active management and oversight of its portfolio of merchant capital investments.

Dundee Global Investment Management Inc. sold Dundee Securities Ltd. to Echelon Wealth Partners Inc. in December 2018.

In June 2020, Dundee Corporation launched Dundee Goodman Merchant Partners (DGMP) which operates as a combination of investor and broker. DGMP focuses on the emerging side of the mining business and makes small investments in select, undervalued companies. DGMP is usually paid in commissions and broker warrants. Dundee said DGMP has been profitable since inception.

In 2022, Dundee Goodman Merchant Partners participated in private placement or bought deal financings in four mining companies, Reunion Gold, Viva Gold Corp., P2 Gold Inc., Magna Mining Inc., receiving approximately $600,000 in aggregate commissions. (data source: Canadian Financings)

Dundee Goodman Merchant Partners, a British Columbia company, is wholly owned by Goodman & Company, Investment Counsel Inc.

Goodman & Company, Investment Counsel Inc., an EMD & Investment Fund and Portfolio Manager, has been actively investing and receiving commissions or warrants.

photo credit: Dundee Corporation

News Release

Dundee Corporation Announces Wind-Down of Investment Banking Business

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation”, the “Company” or “Dundee”) announced today that, due to market conditions and evolving capital allocation priorities, it has made the decision to wind-down its investment banking efforts at this time. This change is effective immediately. This decision will further the corporate objective to; rationalize run-rate G&A and streamline the corporate cost structure going forward.

Dundee extends its sincere appreciation to the banking team for their valuable contributions to the organization and wish them continued success in their future endeavors.


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 an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.


This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


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T: (416) 864-3584
E: ir@dundeecorporation.com