Dominion Lending Centres, Inc. (Canada) Class A (TSE:DLCG) has released an update.
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Dominion Lending Centres Inc. (DLCG) has successfully divested its 52% stake in Impact Communications, fetching $3.71 million in cash, which will be used to fully clear its junior term debt. This strategic move marks the disposal of the Corporation’s last asset from its previous investment division, symbolizing a significant turning point for DLCG. The sale also reflects the company’s confidence in Impact’s management team, whom they regard as outstanding partners.
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