Madison Venture tightens grip on MadPac with major share buyback
Madison Venture Corporation (MVC) has increased its stake in Madison Pacific Properties Inc. (MadPac) through a recent share acquisition. The deal involved both voting and non-voting shares, further solidifying MVC's control over the Vancouver-based property firm. The transaction saw MVC purchase 45,000 Class B voting shares at $4.90 each, totalling $220,500. Additionally, the company acquired 653,413 Class C non-voting shares at $4.65 per share, bringing the combined cost to $3,258,870.
Before the deal, MVC already held roughly 49.32% of MadPac's Class B shares and 47.87% of its Class C shares. Following the acquisition, its ownership rose to 49.93% of Class B shares and 49.13% of Class C shares. The shares were obtained from the estate of a deceased MadPac director as part of an equity investment.
MadPac's shares trade on the Toronto Stock Exchange under the symbols MPC (Class B) and MPC.C (Class C). The company's head office remains at 389 West 6 Avenue, Vancouver, BC V5Y 1L1. No updated financial data on MadPac's market capitalisation or stock performance has been released since its last report before March 2026. MVC, a privately held diversified holding company, now holds a near-majority stake in MadPac. The acquisition strengthens its position in the property firm, though no further financial details have been disclosed since the transaction. MadPac's shares continue to trade under their existing stock symbols on the TSX.
