Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend

TORONTO, ONTARIO, Nov 09 (MARKET WIRE) --
Dundee Corporation (TSX: DC.A)(TSX: DC.PR.B) announced today that its
board of directors has approved the payment of a quarterly cash dividend
of $0.49469 per cumulative 5-year rate reset first preference share,
series 2 payable on December 31, 2009 to shareholders of record on
December 17, 2009.

The dividend is designated as an eligible dividend for the purposes of
section 89 of the Income Tax Act (Canada).

About Dundee Corporation

Dundee Corporation is an asset management company dedicated to private
wealth management, real estate and resources that, combined, reflect
approximately $68 billion under management and administration. Its
domestic wealth management activities are carried out through its 62%
controlled subsidiary, DundeeWealth Inc. Dundee Corporation's real estate
activities are conducted through its 74% owned subsidiary, Dundee Realty
Corporation, which operates as an asset manager of commercial real estate
with activities in a land and housing business in Canada and the United
States. Resource activities are carried out through its wholly-owned
subsidiary, Dundee Resources Limited. Asset management activities are
carried out through Ravensden Asset Management Inc. and Dundee Real
Estate Asset Management ("DREAM").

Contacts:
Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157

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