Madison Pacific Properties Inc. announced the appointment of Mr. Dino Di Marco as its new Chief Financial Officer. Mr. Di Marco will be replacing Mr. William Ramsey. Mr. Di Marco has a number of years of experience in financial management, including as chief financial officer in the real estate development and technology sectors and in a senior role at a major public accounting firm.

Madison Pacific Properties Inc. announced earnings results for the six months ended February 28, 2013. For the six months ended February 28, 2013, the company reported net income of $3.7 million; cash flows from operating activities, before changes in non-cash operating balances, of $4 million; and income per share of $0.06. Included in net income is a pre-tax net gain on fair value adjustment on investment properties of $0.6 million.

Madison Pacific Properties Inc. reported earnings results for the first quarter ended November 30, 2012. For the period, the company's net income was $1.8 million, cash flows from operating activities, before changes in non-cash operating balances, was $2 million and income per share was $0.03. Included in net income is a pre-tax net gain on fair value adjustment on investment properties of $0.3 million. The company announced $0.0525 per share dividend will be payable February 26, 2013 to shareholders of record February 8, 2013.