/NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES/
CALGARY, Nov. 13, 2013 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) announced today that Vision Capital Corporation ("Vision"), an investment fund manager and portfolio manager on behalf of its
funds under management, has increased its investment in the Corporation
by acquiring additional common shares of the Corporation (the "Common Shares"), resulting in its total investment in, and control over, 1,046,542
Common Shares representing approximately 10% of the issued and
outstanding common shares.
Vision has acquired these Common Shares in the ordinary course of
business, for investment purposes only and not for purpose of
exercising control or direction over the Corporation.
Vision is a Toronto-based investment fund manager and portfolio manager
managing the Vision Opportunity Funds that focus on publicly-traded
real estate securities. The Vision Opportunity Funds have been
recognized by Morningstar, S&P/Capital IQ and at the Canadian Hedge
Fund of the Year Awards as one of the top five funds in Canada each
year since Vision's inception in 2008.
About Mainstreet
Mainstreet is a Calgary-based, growth-oriented real estate corporation
focused on the acquisition, redevelopment, repositioning, and asset and
property management of mid-market apartment buildings. The Corporation
currently owns and operates residential rental units, including
apartments and townhouses, in the B.C. Lower Mainland, Calgary,
Edmonton and Saskatoon.
Mainstreet's Common Shares are listed on the Toronto Stock Exchange
under the symbol "MEQ". There are currently 10,465,281 Common Shares
outstanding.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this Press Release constitute forward-looking
statements under applicable securities legislation. Such
forward-looking statements involve risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Corporation to be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements.
SOURCE Mainstreet Equity Corporation