Madison Pacific Properties Inc.

September 26, 2011 13:14 ET

Madison Pacific Properties Inc. Declares Special Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2011) - 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.

Contact Information

  • Madison Pacific Properties Inc.
    Mr. Alan Firth
    (604) 732-6540

    Madison Pacific Properties Inc
    Mr. Bill Ramsey
    Chief Financial Officer
    (604) 732-6540
    (604) 732-6550 (FAX)