Madison Pacific Properties Inc. Notice of Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - NOTICE is hereby given that the Board of Directors of Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) has declared a regular cash dividend of $0.0525 per share payable on February 24, 2011 to holders of Class B voting common shares and Class C non-voting shares of record at the close of business on February 9, 2011.