Topic: How To Invest

Hi Pat: Dundee Corp. recently sold off quite a bit of its shares in Dream Office REIT and Dream Global REIT. Should I be concerned about my holdings in Dream Office REIT? Regards.

Article Excerpt

Dundee Corp., $18.94, symbol DC.A on Toronto, has sold 4.5 million units of Dream Office REIT, $29.10, symbol D.UN on Toronto, and 8.6 million units of Dream Global REIT, $9.52, symbol DRG.UN on Toronto. The sales came after the company named David Goodman as its new CEO, replacing his father, Ned Goodman. Dundee likely made the sales to raise funds for David Goodman’s plans as CEO. These initiatives could include expanding its wealth management business and shifting into risky alternative investments, such as land for development and other privately held assets. We continue to see Dundee Corp. as a sell. Dream Office REIT is still a buy recommendation of Stock Pickers Digest. Digest. …