10% holder buying at Madison Pacific Property (MPC)

10% holder buying at Madison Pacific Property (T:MPC)

Madison Venture Corporation, a 10% Holder, acquired 163,500 Common Shares Class B Voting on a direct ownership basis at a price of $6.500 through a private transaction on August 4th, 2022. The insider also acquired 1,134,900 Non-Voting Shares Class C on a direct ownership basis at a price of $6.500 through a private transaction on August 4th, 2022. This represents a $8,439,600 investment into the company's shares and an account share holdings change of 95.5%.

Madison Pacific Property is in the Real Estate Rental, Development & Operations Sub Industry Group under the Real Estate Sector.

Madison Pacific Properties Inc. is a Canada-based company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company's total leasable area of the industrial, retail and office properties is 1.8 million square feet. The Company provides a full range of property management services for its portfolio of investment properties. These services include tenant services and relationships, building operations, leasing, lease administration, property accounting and reporting and project management services. Leasing services include working with leasing agents and performing thorough tenant screening. Property Accounting and Reporting services include monthly reporting and annual budgeting. Project Management services include tenant improvement project oversight and special asset improvement projects. Madison Pacific Properties Inc. (MPC) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, one insider has invested a total amount of $8,439,600.