Mainstreet Equity Corp.TSX: MEQ

Mainstreet announces strong shareholder support for Mainstreet Board - Over 77% voted in favour of re-election

· Issued by Mainstreet Equity Corp. via CNW

CALGARY, March 26 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or "the Corporation") (TSX: MEQ) conducted its Annual General Meeting of Shareholders (the "Meeting") on March 25, 2009, at which the following directors were re-elected to hold office:

        Joseph B. Amantea
        Navjeet (Bob) N. Dhillon
        Richard Grimaldi
        Lawrence G. Tapp
        Karanveer V. Dhillon
        John Irwin

Approximately 75% of Mainstreet's outstanding shares were represented and voted in person or by proxy at the Meeting and, of those, an overwhelming 77.32% voted in favour of the re-election of the above directors.

Mainstreet thanks the board of directors for their continued service and the shareholders of Mainstreet for their continued support.

About Mainstreet

Mainstreet is a Calgary-based, growth-oriented real estate corporation focused on the acquisition, redevelopment, repositioning, asset and property management of mid-market apartment buildings. The Corporation currently owns and operates residential rental units, including apartments and townhouses, in the Vancouver Lower Mainland (Surrey and Abbotsford), Calgary, Edmonton, Saskatoon and the Greater Toronto Area.

Mainstreet's common shares are listed on the Toronto Stock Exchange under the symbol MEQ.

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