north bergen,new jersey 3/24/2010 10:51:47 PM
News / Business

Market Moving News from MI Development Inc has Investors Glued to Their Screens

Real Estate Company, MI Development Inc makes 4Q Publication on March 30th

MI Developments Inc. will announce its financial results for the fourth quarter and year ended December 31, 2009 on Tuesday, March 30, 2010. MI Development Inc. trades on the “New York Stock Exchange” under the stock symbol “MIM”. For More information regarding the "MIM", make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

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MI Developments Inc. (NYSE: MIM) will announce its financial results for the fourth quarter and year ended December 31, 2009 on Tuesday, March 30, 2010 before the opening of the market.

 

MID will hold its annual shareholders' meeting on Friday, May 7, 2010 in Toronto. MID has set a record date of March 19, 2010 for the determination of shareholders entitled to notice of, and to vote at, the meeting.

 

About MI Development:

MID is a real estate operating company engaged primarily in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe. MID also acquires land that it intends to develop for mixed-use and residential projects. MID holds a majority equity interest in MEC, an owner and operator of horse racetracks, and a supplier, via simulcasting, of live horseracing content to the inter-track, off-track and account wagering markets. MEC has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

 

 

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Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

 

 

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