Mainstreet Equity Corp. waives blackout period

About this update from Mainstreet Equity Corp.

[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 3 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the\n"Corporation") (TSX:MEQ) announces that its board of directors has approved a\ntemporary waiver of its blackout policy that applies to directors, officers,\nemployees and other parties. Under the temporary waiver, directors, officers,\nemployees and others will be permitted to purchase securities of Mainstreet,\nprovided they are not in possession of material undisclosed information\nrelating to Mainstreet. (The board has taken this step in light of conditions\nin the financial and stock markets, which have resulted in what Mainstreet\nbelieves is a significant and unwarranted drop in the trading price of its\nshares.)\n\n\nThe blackout policy restricts the ability of Mainstreet's directors,\nofficers, employees and others to purchase or sell securities of Mainstreet\nduring prescribed periods. The temporary waiver of the blackout is effective\nfor a year unless earlier reinstated by the board. Mainstreet's directors,\nofficers, employees and others remain unable to purchase or sell securities of\nMainstreet if they are in possession of material undisclosed information\nrelating to Mainstreet.\n\n\nAbout Mainstreet\n\n\nEstablished in 1997, Mainstreet is a Calgary-based, growth-oriented real\nestate corporation focused on the acquisition, redevelopment, repositioning,\nand asset and property management of mid-market apartment buildings. The\nCorporation currently owns and operates residential rental units, including\napartments and townhouses, in Vancouver/Lower Mainland (Surrey), Calgary,\nEdmonton, Saskatoon and Greater Toronto Area.\n\n\nCautionary Statement Regarding Forward-Looking Statements\n\n\nThis news release contains forward-looking statements based on\nassumptions, uncertainties and management's best estimates of future events.\nWhen used herein, words such as "intended" and similar expressions are\nintended to identify forward-looking statements. Forward-looking statements\nare based on assumptions by and information available to the Corporation.\nInvestors are cautioned that such forward-looking statements involve risks and\nuncertainties. Actual results may differ materially from those currently\nanticipated. The forward-looking statements contained herein are expressed\nqualified by this cautionary stateme...

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