Madison Venture boosts stake in Madison Pacific Properties with $3.26M share purchase

Madison Venture Corporation has increased its ownership in Madison Pacific Properties Inc. by acquiring 45,000 Class B voting shares and 653,413 Class C non-voting shares for a total of $3,258,870. This acquisition raises MVC's stake to nearly 50% in both share classes, strengthening its control over MadPac. The shares were purchased from the holdings of a deceased director, marking an equity investment in the company. This move signals MVC's commitment to maintaining significant influence in MadPac's operations and future growth potential.