Mr. Bob Dhillon reports

MAINSTREET EQUITY CORP. ANNOUNCES QUARTERLY DIVIDEND FOR PERIOD ENDING DECEMBER 31, 2023

Mainstreet Equity Corp. has declared a quarterly cash dividend of 2.75 cents per common share of Mainstreet for the quarter ended Dec. 31, 2023. The dividend is payable on Jan. 31, 2024, to shareholders of record at the close of business on Jan. 16, 2024. The ex dividend date is Jan. 15, 2024.

Mainstreet designates the entire amount of this taxable dividend to be an eligible dividend for purposes of the Income Tax Act (Canada). This notice meets the requirements of the Income Tax Act (Canada). Please contact your tax adviser if you have any questions with regard to the designation of the eligible dividend.

About Mainstreet Equity Corp.

Mainstreet Equity is a Calgary-based real estate operating company. Mainstreet is a top provider of high-quality, affordable multifamily rental units in Western Canada, covering British Columbia, Alberta, Saskatchewan and Manitoba, with year-to-date holdings of over 17,467 units. The company's long-term value is anchored by a countercyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100-per-cent-organic, non-dilutive growth model, leveraging its robust liquidity position. As at the fourth quarter of 2023, Mainstreet's assets were valued at approximately $3-billion, based on IFRS (international financial reporting standards) value.

We seek Safe Harbor.