DBRS Releases Report on Dundee Corporation

DBRS has today released a report on Dundee Corporation (Dundee or the Company) that supports the recent upgrade of the Company’s Issuer Rating to BBB from BBB (low) and its Cumulative Redeemable First Preferred Shares rating to Pfd-3 from Pfd-3 (low). The ratings were removed from Under Review with Positive Implications, where they were placed on November 23, 2010. The rating trends are now Stable.

The rating upgrades reflect the February 1, 2011, sale of the Company’s 48% interest in DundeeWealth Inc. (DundeeWealth) to Bank of Nova Scotia (BNS) in exchange for common and preferred shares of BNS worth more than $1.4 billion, a special cash dividend of $155 million and a 48% stake in Dundee Capital Markets (DCM), which was spun off to shareholders of DundeeWealth as part of the transaction.

Today’s report and the November 8, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.