Press Release Correction: Melcor Developments
19 Mars 2024 - 11:07PM
Melcor Developments Ltd. (TSX: MRD), announced today a correction
to its press release entitled "Melcor Developments announces
results for 2023, declares $0.11 per share dividend" which was
issued on March 13, 2024 (the "Initial Press Release").
The Initial Press Release incorrectly stated that the payable
date for the dividend declared would be March 29, 2024. The correct
payable date is March 28, 2024. The record date and the declaration
date remain unchanged from what was previously announced.
This Press Release should be read in conjunction with the
Initial Press Release. These corrections do not change any other
information reported in the Initial Press Release.
About Melcor Developments Ltd.
Melcor is a diversified real estate development and asset
management company that transforms real estate from raw land
through to high-quality finished product in both residential and
commercial built form. Melcor develops and manages mixed-use
residential communities, business and industrial parks, office
buildings, retail commercial centres and golf courses. Melcor owns
a well diversified portfolio of assets in Alberta, Saskatchewan,
British Columbia, Arizona and Colorado.
Melcor has been focused on real estate since 1923. The Company
has built over 140 communities across western Canada and today
manages 4.8 million sf in commercial real estate assets and 466
residential rental units. Melcor is committed to building
communities that enrich quality of life - communities where people
live, work, shop and play.
Melcor’s headquarters are located in Edmonton, Alberta, with
regional offices throughout Alberta and in British Columbia and
Arizona. Melcor has been a public company since 1968 and trades on
the Toronto Stock Exchange (TSX:MRD).
Forward Looking StatementsIn order to provide
our investors with an understanding of our current results and
future prospects, our public communications often include written
or verbal forward-looking statements.
Forward-looking statements are disclosures regarding possible
events, conditions, or results of operations that are based on
assumptions about future economic conditions, courses of action and
include future-oriented financial information.
This news release and other materials filed with the Canadian
securities regulators contain statements that are forward-looking.
These statements represent Melcor’s intentions, plans,
expectations, and beliefs and are based on our experience and our
assessment of historical and future trends, and the application of
key assumptions relating to future events and circumstances.
Future-looking statements may involve, but are not limited to,
comments with respect to our strategic initiatives for 2024 and
beyond, future development plans and objectives, targets,
expectations of the real estate, financing and economic
environments, our financial condition or the results of or outlook
of our operations.
By their nature, forward-looking statements require assumptions
and involve risks and uncertainties related to the business and
general economic environment, many beyond our control. There is
significant risk that the predictions, forecasts, valuations,
conclusions or projections we make will not prove to be accurate
and that our actual results will be materially different from
targets, expectations, estimates or intentions expressed in
forward-looking statements. We caution readers of this document not
to place undue reliance on forward-looking statements. Assumptions
about the performance of the Canadian and US economies and how this
performance will affect Melcor’s business are material factors we
consider in determining our forward-looking statements. For
additional information regarding material risks and assumptions,
please see the discussion under Business Environment and Risk in
our annual MD&A.
Readers should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent
uncertainty of forward-looking statements. Except as may be
required by law, we do not undertake to update any forward-looking
statement, whether written or oral, made by the Company or on its
behalf.
Contact Information:
Investor RelationsTel: 1.855.673.6931
ir@Melcor.ca
Melcor Developments (TSX:MRD)
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