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SpruceLand Declares Post-Transaction Dividend and Provides Update on Liquidation and Wind-Up

SpruceLand Properties Inc. announced today a cash dividend of $25.00 per share. As previously announced, with the recent closing of the sale of the Corporation’s manufactured homes communities and commercial properties portfolios, the Corporation has disposed of approximately 96% of its real estate assets and is now in a position to complete an initial distribution to its shareholders, as contemplated by the Corporation’s management information circular dated February 11, 2016.

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