Exciting Dividend Announcement from Madison Pacific Properties Inc.
Vancouver is buzzing with enthusiasm as Madison Pacific Properties Inc. takes a significant step forward by declaring a new dividend for its shareholders. This well-established real estate company (TSX: MPC and MPC.C) is proud to reveal its recent decision, reflecting its ongoing commitment to delivering value to investors.
Details on the Dividend Declaration
The declared dividend amounts to $0.0525 per share, which applies to both Class B voting common shares and Class C non-voting shares. The timing of this payment is noteworthy, as it is scheduled for disbursement on March 3, 2025. Shareholders should ensure they are on the record by February 24, 2025, to be eligible for this reward.
Understanding Eligible Dividends
It's essential for shareholders to recognize that this dividend is designated an 'eligible dividend' for tax purposes. This classification aims to provide certain tax benefits, making it an attractive proposition for investors looking to enhance their returns.
Company Leadership and Contact Information
For any inquiries regarding the dividend or other company matters, Madison Pacific Properties encourages shareholders to reach out to their leadership team. Mr. John Delucchi serves as the President and CEO, and Ms. Bernice Yip holds the position of Chief Financial Officer. They are committed to engaging with investors and providing clarity on any questions that may arise.
Should investors wish to get in touch, they can contact the company directly at (604) 732-6540. It's always advisable to maintain open lines of communication for the most effective investor relations.
Location and Accessibility
Madison Pacific Properties Inc. is headquartered at 389 West 6th Avenue, Vancouver, B.C. V5Y 1L1. Their strategic location in Vancouver allows for efficient operations and engagement with the local real estate market.
Looking Ahead for Investors
As Madison Pacific Properties Inc. continues to grow and thrive, shareholders can look forward to more updates, opportunities, and potential future dividends. The commitment to benefit its investors only strengthens the company’s reputation as a solid choice in the real estate sector.
Frequently Asked Questions
What is the amount of the dividend declared by Madison Pacific Properties?
The dividend declared is $0.0525 per share for both Class B and Class C shares.
When will the dividend be paid to shareholders?
The payment of the dividend is set for March 3, 2025, to shareholders on record as of February 24, 2025.
What defines eligible dividends?
Eligible dividends are dividends that qualify for preferential tax treatment under Canadian tax laws, benefiting shareholders when it comes to tax liabilities.
Who can I contact for more information regarding the dividend?
For inquiries, you can reach out to Mr. John Delucchi, President & CEO, or Ms. Bernice Yip, Chief Financial Officer, at (604) 732-6540.
Where is Madison Pacific Properties headquartered?
The company is located at 389 West 6th Avenue, Vancouver, B.C. V5Y 1L1.
