Dundee Corporation Declares Quarterly First Preference Shares, Series 2 Dividend

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 $0.42188 per
cumulative 5-year rate reset first preference share, series 2 payable on March
28, 2013 to shareholders of record on March 15, 2013.


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


ABOUT THE CORPORATION

Dundee Corporation ("Dundee") is a Canadian independent publicly traded asset
management company listed on the Toronto Stock Exchange ("TSX") under the symbol
"DC.A". Asset management activities are focused in the areas of the
Corporation's core competencies and include resources, real estate and
infrastructure, and more recently, the agricultural sector. These activities are
carried out by the Corporation's wholly owned subsidiary, Goodman Investment
Counsel Inc. Dundee's capital markets and personal investment advisory services
are carried out through the "Dundee Capital Markets" and "Dundee Goodman Private
Wealth" divisions of its wholly owned subsidiary, Dundee Securities Ltd. Dundee
also owns and manages direct investments in its core focus areas and other
select investments, through ownership, directly and indirectly, of both publicly
listed and private companies.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
[phone]