Mainstreet Equity Corp. (TSX: MEQ) has declared a quarterly cash dividend of $0.04 per common share for the quarter ending June 30 2025, payable July 31 2025 to shareholders of record at the close of business on July 17 2025. The entire distribution is designated an “eligible dividend” under the Income Tax Act (Canada).
Mainstreet Equity Corp. (TSX: MEQ) announced that the Toronto Stock Exchange (TSX) has approved its plan to repurchase up to 475,359 common shares—about 10% of its public float—through a normal course issuer bid. The buyback starts June 3, 2025, and runs until June 2, 2026, or earlier if completed.
Mainstreet's Board of Directors believes this move will benefit shareholders by potentially increasing the value of remaining shares when market prices don't reflect the company's true value.
Mainstreet Equity Corp. (TSX: MEQ) marked its 25th anniversary of listing on the Toronto Stock Exchange by opening the market alongside TSX executives. Led by Founder, President, and CEO Bob Dhillon, Mainstreet’s success reflects its commitment to transforming underperforming properties into high-quality, affordable rental housing across Western Canada.
The entirety of Mainstreet's portfolio is Western Canada based. With large holdings in the major centres of Edmonton and Calgary, AB; Surrey and Abbotsford, BC; and, Saskatoon and Regina, SK.
Mainstreet has significant market share in a number of its operating cities: 28% Surrey, BC; 21% Abbotsford, BC; and, 15% Saskatoon, SK.
Calgary and Edmonton portfolios are represented by significant inner-city holdings. Including Central and ICE District in Edmonton, and Beltline communities in Calgary. These properties are particularly attractive to Millennials, and students attending secondary education institutions. Smaller cities such as Saskatoon and Regina, SK; Lethbridge, AB; Kamloops, BC and Abbotsford, BC, also have large student populations.
Mainstreet is constantly active in new property assessment and acquisitions in all of it operating cities, and monitors and evaluates the upside to enter into new markets under the right conditions.
179
Total Number of Units
154
Total Number of Units
117
Total Number of Units
1,691
Total Number of Units
481
Total Number of Units
115
Total Number of Units
1,001
Total Number of Units
284
Total Number of Units
66
Total Number of Units
77
Total Number of Units
47
Total Number of Units
61
Total Number of Units
59
Total Number of Units
3,572
Total Number of Units
60
Total Number of Units
182
Total Number of Units
6,089
Total Number of Units
100
Total Number of Units
255
Total Number of Units
2,641
Total Number of Units
991
Total Number of Units
401
Total Number of Units
