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.
TORONTO, OCTOBER 25, 2016 - Mainstreet Health Investments Inc. (the "Company") (TSX: HLP.U) will release its fiscal 2016 third quarter results on Tuesday, November 8, 2016 after markets close. Management of the Company will hold a conference call at 10:00 a.m. ET on Wednesday, November 9, 2016 to review the financial results.
TORONTO, OCTOBER 18, 2016 - Mainstreet Health Investments Inc. (TSX: HLP.U) (the "Company") today announced it closed on the previously announced acquisition of the Hearth on James, a 71 suite independent living and assisted living community located near Syracuse, NY. The Hearth on James will be operated by Hearth Management under a triple net lease with the Company.
TORONTO, OCTOBER 17, 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 October 1, 2016 to October 31, 2016. The dividend will be payable on November 15, 2016 to shareholders of record as of October 31, 2016.
TORONTO, OCTOBER 6, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") is pleased to announce that it has completed its previously announced offering of subscription receipts (the "Subscription Receipts") with a syndicate of underwriters (collectively, the "Underwriters") led by BMO Capital Markets, CIBC Capital Markets and National Bank Financial, on a bought deal basis. A total of 7,406,000 Subscription Receipts (including Subscription Receipts issued pursuant to the exercise in full of the over-allotment option) were issued at a price of US$10.10 per Subscription Receipt for total gross proceeds of US$74,800,600 (the "Offering").
TORONTO, SEPTEMBER 19, 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 September 1, 2016 to September 30, 2016. The dividend will be payable on October 15, 2016 to shareholders of record as of September 30, 2016.