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TORONTO - Dream Unlimited Corp. (TSX: DRM), currently trading at $13.82 and showing signs of being slightly undervalued according to InvestingPro analysis, concluded its annual shareholders’ meeting today, resulting in the election of all nominated directors and the approval of a key resolution amending the company’s incentive plan. The Toronto-based asset management and real estate development firm, with a market capitalization of $584 million, reported high approval rates for its board nominees, with the lowest percentage of votes for a director being 96.55%.
The meeting saw Michael Cooper receive the highest approval from shareholders with 99.30% of the votes, while Duncan Jackman had the lowest, though still a significant majority, at 96.55%. PricewaterhouseCoopers LLP was appointed as the auditor for the upcoming year with a near-unanimous vote of 99.94%.
A notable decision from the meeting was the approval of the amendment to Dream’s deferred share incentive plan. The resolution passed with 96.65% of votes in favor, allowing for an increase of 300,000 units in the plan, which includes deferred share units and income deferred share units.
Dream Unlimited, known for its $28 billion asset management business as of March 31, 2025, manages a diverse portfolio across four Toronto Stock Exchange-listed trusts, private asset management, and numerous partnerships. The company, which has achieved 13% revenue growth over the last twelve months and maintains a healthy current ratio of 1.8, is recognized for its innovative approach and successful track record in real estate development in Canada and Europe, as well as land development in Western Canada.
InvestingPro subscribers can access detailed financial health metrics, comprehensive valuation analysis, and expert insights through the Pro Research Report, offering deep-dive analysis of Dream Unlimited’s performance and prospects.
The information for this report is sourced from a press release statement by Dream Unlimited Corp. and enhanced with financial data from InvestingPro.
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