Spruce Land Properties
Spruce Land Properties Inc. was established in 1969 with the construction of a multifamily project in Slave Lake, Alberta, and grew to manage a diversified portfolio worth over $100 million, including office, retail, industrial buildings, and manufactured home parks across Western Canada. The company underwent a wind-up process approved by shareholders in March 2016, leading to its dissolution on November 4, 2020, with a final distribution of $46.55 per share to shareholders.
The success of Spruce Land Properties is attributed to the collective efforts of its founding members and management over the years. Throughout its operation, shareholders received annual dividends, reflecting the company's commitment to its investors.
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