Toronto, January 9, 2017 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") announces that Mr. Scott White has been appointed to the position of Chief Executive Officer. Prior to his appointment, Mr. White served as the President and Chief Operating Officer of the Company where he was responsible for the day-to-day operations and overall strategy.
Toronto, January 5, 2017 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") regretfully announces that Mr. Adlai Chester has advised the Company that he intends to resign as Chief Executive Officer of the Company for personal reasons. Mr. Chester has indicated his willingness to remain with the Company in an advisory capacity. The terms of his continued advisory role have yet to be agreed.
TORONTO, DECEMBER 20, 2016 - Mainstreet Health Investments Inc. (TSX: HLP-U) ("the "Company") announced today that it has closed on the previously announced acquisition of a portfolio of three memory care communities (collectively, the "Properties") comprising 171 units for an aggregate purchase price of US$44.3 million.
TORONTO, DECEMBER 16, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") is pleased to announce that it has completed its previously announced offering of US$45,000,000 aggregate principal amount of 5.00% convertible unsecured subordinated debentures (the "Debentures") of the Company due January 31, 2022 (the "Offering"). The Offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc., BMO Capital Markets and CIBC Capital Markets.
TORONTO, DECEMBER 15, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) announced today a cash dividend in the amount of US$0.06139 per common share for the period from December 1, 2016 to December 31, 2016. The dividend will be payable on January 16, 2016 to shareholders of record as of December 30, 2016.
TORONTO, NOVEMBER 28, 2016 - Mainstreet Health Investments Inc. (TSX: HLP-U) ("Mainstreet" or the "Company") announced today that it has entered into an agreement to acquire a portfolio of three memory care communities (collectively, the "Communities") comprising 171 units for an aggregate purchase price of US$44.3 million (the "Acquisition"). The Acquisition is subject to customary conditions.
TORONTO, NOVEMBER 16, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) announced today a cash dividend in the amount of US$0.06139 per common share for the period from November 1, 2016 to November 30, 2016. The dividend will be payable on December 15, 2016 to shareholders of record as of November 30, 2016.
TORONTO, NOVEMBER 8, 2016 - Mainstreet Health Investments Inc. (TSX: HLP.U) (the "Company") today announced its results for the three and nine months ended September 30, 2016. All dollar amounts are stated in US dollars unless otherwise noted.
TORONTO, NOVEMBER 1, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") today announced that it has completed the previously announced acquisitions of interests in seven seniors housing and care properties and investments in five mezzanine loans (collectively, the "Transactions"). The Company has:
TORONTO, OCTOBER 28, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") is pleased to announce that it has satisfied the condition (the "Escrow Release Condition") to the release of the net proceeds of the offering of subscription receipts ("Subscription Receipts") completed on October 6, 2016, which will be used to finance a portion of the previously announced acquisitions of interests in seven seniors housing and care properties and investments in five mezzanine loans (collectively, the "Transactions"). In particular, the Company has confirmed that it has satisfied the conditions to the closing of the Transactions (other than the payment of the applicable purchase price and such conditions precedent that by their nature are to be satisfied at the closing of the Transactions), the value of which represent in the aggregate not less than 80% of the aggregate value of all of the Transactions.