Dundee Wealth Announces Approval Of Normal Course Issuer Bid.TORONTO -- 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 Wealth") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DW) today announced that it has obtained regulatory approval to commence a normal course issuer bid to purchase up to a maximum of 4,804,278 of its common shares, representing approximately 5% of the 96,085,565 issued and outstanding common shares, through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TSX"). The normal course issuer bid will commence on May 14, 2005 and will terminate on the earlier of the date on which Dundee Wealth completes its purchases pursuant to the normal course issuer bid and May 13, 2006. The purchases will be made in accordance with the Policies and rules of the TSX. The price paid for any common shares acquired will be the market price at the time of purchase and all common shares purchased under the normal course issuer bid will be cancelled. Dundee Wealth purchased an aggregate of 906,300 common shares at an average price of $8.64 per share through the facilities of the TSX under a normal course issuer bid which commenced on May 14, 2004 and will expire May 13, 2005. Dundee Wealth believes that the purchase of its common shares at current market values represents a good long-term investment for the Company. Dundee Wealth is a Canadian owned, TSX listed wealth management company that provides investment management, securities brokerage, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $41.6 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration and 2,065 independent financial advisors and 500 insurance agents located in 677 branches across Canada. Dundee Wealth Management Inc. (TSX:DW) |
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