DLCG Sells Final Investment Asset
Company Announcements

DLCG Sells Final Investment Asset

Dominion Lending Centres, Inc. (Canada) Class A (TSE:DLCG) has released an update.

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.

For further insights into TSE:DLCG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskDominion Lending Centres Sees Strong Q3 Growth
Catie PowersDLCG Upcoming Earnings Report: What to Expect?
Howard KimDominion Lending Centres, Inc. (Canada) Class A (DLCG) Announces Q3 Dividend: Read On for Important Dates
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App