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Dundee Bancorp Inc. Receives Bank Charter.


TORONTO -- DUNDEE BANCORP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:DBC.A) is pleased to announce that Dundee Wealth Bank/Banque Patrimoine Dundee, its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, has been granted a charter from the Minister of Finance as a Schedule I Bank.

Dundee Bancorp is a holding company dedicated to wealth management, real estate and resources. Its domestic financial service activities are carried out through its 67% owned subsidiary, Dundee Wealth Management Dundee Wealth management is a Toronto, Canada based financial services firm. The parent company of Dundee Wealth Management is Dundee Corporation.

Dundee Wealth Management operates a number of different wholly-owned subsidiaries, shown in the sections below.
 Inc. Dundee Bancorp also provides financial services internationally through its offices in Bermuda and the Cayman Islands. Together, these operations provide a broad range of financial products to individuals, institutions and corporations. Dundee Bancorp's real estate activities are conducted through its 86% owned subsidiary, Dundee Realty Corporation, which operates a land and housing business in Canada and the US. Real estate activities also include a 32% interest in Dundee REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
, a Canadian real estate investment trust, which, owns a diversified portfolio of 13.1 million square feet of high quality, office, industrial and retail properties across Canada. Resource activities are carried out through wholly owned Dundee Resources Ltd.

Dundee Bancorp Inc. (TSX:DBC.A)
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Article Details
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Publication:Business Wire
Geographic Code:1CANA
Date:Nov 18, 2004
Words:181
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