Saturday, October 1 2022

This press release contains forward-looking information that is based on assumptions and subject to risks and uncertainties, as noted in the cautionary statement contained in this press release.

TORONTO, September 19, 2022–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) today announced that the Toronto Stock Exchange (the “TSX“) has accepted a notice filed by Dream to renew its prior normal course issuer bid for a period of one year. Under the terms of the offer, Dream will be able to purchase for cancellation up to a up to 2,231,143 of its Class A Subordinate Voting Shares (representing 10% of Dream’s public float of 22,311,439 Class A Subordinate Voting Shares) through the TSX. will commence on September 21, 2022 and will remain in effect until September 20, 2023 or the date Dream has purchased the maximum number of Class A Subordinate Voting Shares authorized under the Offer. Daily redemptions will be limited to 11,462 Class A Subordinate Voting Shares, which represents 25% of the average daily trading volume of Class A Subordinate Voting Shares on the TSX over the past six calendar months ( i.e. 45,850 suba voting shares lternal Class A per day), other than purchases under the bulk purchase exceptions. As of September 8, 2022, the number of issued and issued permanent Class A Subordinate Voting Shares is 41,030,346.

As part of the renewal of its normal course issuer bid, Dream has implemented an automatic securities repurchase plan (the “To plan“) with its Designated Broker to facilitate the purchase of Class A Subordinate Voting Shares under the Normal Course Issuer Bid at times when Dream would not normally be permitted to purchase its Class A Subordinate Voting Shares due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by Dream’s broker within the parameters prescribed by the TSX and the terms of the written agreement parties. Outside of these restricted or blackout periods, Class A Subordinate Voting Shares may also be purchased at management’s discretion. The plan has been pre-approved by the TSX and will terminate on September 20, 2023.

Dream renewed its normal course issuer bid because it believes that Class A subordinate voting shares could become available during the offer period at prices that would make the purchase of these Class A Subordinate Voting Shares for cancellation in the best interests of Dream and its shareholders.

Dream’s current issuer bid to purchase up to 2,336,326 Class A Subordinate Voting Shares expires on September 20, 2022. Under this offer and until September 8, 2022, Dream purchased for cancellation 1,165,758 Class A Subordinate Voting Shares through the facilities of the Toronto Stock Exchange at an average price of $33.65 for a total cost of $39.2 million. dollars. Please note that the amount of shares repurchased under the offer was consistent with both management’s and the board’s strategy regarding the use of capital for share repurchases. In addition, the number of shares that may be redeemed daily in the market under TSX rules is subject to various trading restrictions which affect the amount that may be redeemed daily.

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, has stabilized income-generating assets in Canada and the United States, and has an established and successful asset management business, comprising $17 billion of assets under management in four companies listed on the Toronto Stock Exchange. trusts, our private banking business and numerous partnerships. We are also developing land and residential assets in Western Canada. Dream expects to generate more recurring revenue in the future as its urban development properties are completed and held for the long term. Dream has a proven track record of innovation and the ability to source, structure and execute attractive investment opportunities.

Forward-looking information

This press release may contain forward-looking information within the meaning of applicable securities laws, including with respect to future purchases of Class A Subordinate Voting Shares by Dream. 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 Dream’s control, which could cause actual results to differ materially from those disclosed. or implied by such forward-looking information. information search. These risks and uncertainties include, but are not limited to, general and local economic and business conditions, inflation or stagflation, the impact of the COVID-19 pandemic on the Company and the uncertainties surrounding the COVID pandemic. -19, including government measures to contain COVID-19. 19 levels of pandemic employment, risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions, and disruption of the flow of goods and services between jurisdictions, regulatory risks, mortgage and interest rates and regulations, environmental risks, consumer confidence, seasonality, adverse weather conditions, dependence on key customers and personnel, and competition. All forward-looking information contained in this press release speaks as of September 19, 2022. Dream does not undertake to update such forward-looking information, whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in documents filed with securities regulatory authorities filed on SEDAR (

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For more information:
Dream Unlimited Corp.
Deborah Starkman
Financial director
(416) 365-4124
[email protected]

Kim Lefever
Director, Investor Relations
(416) 365-6339
[email protected]


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