03:19:43 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Dream Unlimited Corp (2)
Symbol DRM
Shares Issued 40,620,906
Close 2025-09-18 C$ 21.28
Market Cap C$ 864,412,880
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Dream Unlimited receives TSX approval to renew NCIB

2025-09-19 12:31 ET - News Release

Ms. Meaghan Peloso reports

DREAM UNLIMITED CORP. RENEWS NORMAL COURSE ISSUER BID AND ANNOUNCES AUTOMATIC SECURITIES PURCHASE PLAN

The Toronto Stock Exchange (the TSX) has accepted a notice filed by Dream Unlimited Corp. to renew its prior normal course issuer bid for a one-year period. Under the bid, Dream will have the ability to purchase for cancellation up to a maximum of 2,318,152 of its Class A subordinate voting shares (representing 10 per cent of Dream's public float of 23,181,529 Class A subordinate voting shares as of Sept. 12, 2025) through the facilities of the TSX or any alternative Canadian trading system or by such other means as may be permitted by the Canadian Securities Administrators. The bid will commence on Sept. 23, 2025, and remain in effect until the earlier of Sept. 22, 2026, or the date on which Dream has purchased the maximum number of Class A subordinate voting shares permitted under the bid. Daily repurchases will be limited to 6,107 Class A subordinate voting shares, representing 25 per cent of the average daily trading volume of the Class A subordinate voting shares on the TSX during the last six calendar months (being 24,429 Class A subordinate voting shares per day), other than purchases pursuant to applicable block purchase exceptions. As of Sept. 12, 2025, the number of issued and outstanding Class A subordinate voting shares is 40,620,906.

In connection with the renewal of its normal course issuer bid, Dream has established an automatic securities purchase 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 ordinarily not 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 based upon the parameters prescribed by the TSX and the terms of the parties' written agreement. Outside of such restricted or blackout periods, the Class A subordinate voting shares may also be purchased in accordance with management's discretion. The plan has been precleared by the TSX and will terminate on Sept. 22, 2026.

Dream has renewed its normal course issuer bid because it believes that Class A subordinate voting shares may become available during the period of the bid at prices that would make the purchase of such Class A subordinate voting shares for cancellation in the best interests of Dream and its shareholders.

Dream's current normal course issuer bid for the purchase of up to 2,375,743 Class A subordinate voting shares expires on Sept. 22, 2025. Under this bid and up until Sept. 12, 2025, Dream has purchased for cancellation 264,899 Class A subordinate voting shares through the facilities of the Toronto Stock Exchange at an average price of $18.75 for a total cost of approximately $5.0-million. Please note that the amount of share repurchased under the bid was in line with both management and board strategy with respect to use of capital for share repurchases.

About Dream Unlimited Corp.

Dream is a leading real estate developer and has an established and successful asset management business, inclusive of $28-billion of assets under management across four Toronto Stock Exchange-listed trusts, the company's private asset management business and numerous partnerships. It develops land and housing in its master planned communities in Western Canada and holds a growing portfolio of income-generating properties across Canada. Dream expects this area of its business to grow as investment properties under construction are completed and held for the long term. Dream has a proven record for being innovative, and for its ability to source, structure and execute on compelling investment opportunities.

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