VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 6, 2016) - Madison Pacific Properties Inc. (TSX:MPC)
(TSX:MPC.C), a Vancouver-based real estate company, announced today that it has declared the payment of a special cash dividend
of $0.3415 per Class B common voting share and Class C non-voting share payable on September 30, 2016 to shareholders of record
on September 22, 2016.
The amount of the special one-time dividend allows the Company to continue to pursue real estate opportunities while returning
some capital to shareholders. The special dividend is in addition to any dividends that may be declared pursuant to the
regular dividend policy of the Company.
The dividend is an eligible dividend for Canadian tax purposes.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.