Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C),a Vancouver-based real
estate company, declares a dividend of 5.25 cents per share on its Class B
voting shares and its Class C non-voting shares payable February 28, 2008 to
shareholders of record February 14, 2008. All dividends paid by Madison Pacific
Properties Inc. are "eligible dividends" and qualify for the reduced effective
tax rates.


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