Madison Pacific Properties Inc. Declares Special Dividend
September 26 2011 - 1:14PM
Marketwired
Madison Pacific Properties Inc. (the "Company") (TSX: MPC)(TSX:
MPC.C), a Vancouver-based real estate company announced today that
it has declared the payment of a special cash dividend of $0.35 per
Class B common voting share and Class C non-voting share to
shareholders of record on October 6, 2011. The dividend will be
paid on or about October 20, 2011.
The amount of the special one-time dividend allows the Company
to continue to pursue real estate opportunities while returning
some capital to shareholders. The special dividend is in addition
to any dividends that may be declared pursuant to the regular
dividend policy of the Company.
The dividend is an eligible dividend for Canadian tax
purposes.
Contacts: Madison Pacific Properties Inc. Mr. Alan Firth
President (604) 732-6540 Madison Pacific Properties Inc Mr. Bill
Ramsey Chief Financial Officer (604) 732-6540 (604) 732-6550
(FAX)
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