Business
Mainstreet Equity Corp. Announces Quarterly Dividend for Period Ending March 31, 2025
Mainstreet Equity Corp. (TSX: MEQ) today announces that the Board of Directors of Mainstreet Equi...
About this update from Mainstreet Equity Corp.
[{"type":"text","content":"Mainstreet Equity Corp. Announces Quarterly Dividend for Period Ending March 31, 2025\n\n\n\n\n\n\n Mainstreet Equity Corp. (TSX: MEQ) today announces that the Board of Directors of Mainstreet Equity Corp. (Mainstreet) declared a quarterly cash dividend of $0.04 per Common Share of Mainstreet for the quarter ending March 31, 2025. The dividend is payable on April 30, 2025 to shareholders of record at the close of business on April 17, 2025.\n \n\n Mainstreet designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada). This notice meets the requirements of the Income Tax Act (Canada). Please contact your tax advisor if you have any questions with regards to the designation of the eligible dividend.\n \n\n\n About Mainstreet Equity Corp.\n \n\n\n Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX: MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB, with year-to-date holdings of over 18,500 units. The company's long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. As at Q1 2025, Mainstreet’s assets were valued at approximately CDN $3.5 billion based on IFRS value.\n \n\n Caution Regarding Forward-Looking Information\n \n\n This press release contains certain forward-looking statements, including, but not limited to, statements relating to the payment of the dividend, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” and words and expressions of similar import. Although Mainstreet believes that the expectations reflected i...