TSE SYMBOL: BEI NYSE SYMBOL: BEI April 25, 2003
RE: Teleconference on Fiscal 2003 First Quarter Financial Results
Calgary, Alberta – April 25, 2003 - Boardwalk Equities Inc. (“BEI” – TSX, NYSE) announces that the Company’s fiscal 2003 first quarter financial results will be released the morning of Tuesday May 13th, 2003. We invite you to participate in the teleconference that will be held to discuss these results that same morning at 11:15am EST. Senior management will speak to the first quarter financial results and provide a corporate update. Presentation materials will be made available on the INVESTOR section of our website (www.bwalk.com) prior to the call. Participation & Registration: Please RSVP to Investor Relations at 403-531-9255 or by email to investor@bwalk.com. Teleconference: The telephone numbers for the conference are: 416-640-4127 (within Toronto) or toll-free 1-800-814-4857 (outside Toronto). Webcast: Investors will be able to listen to the call and view our slide presentation over the Internet by visiting http://investor.bwalk.com 15 min. prior to the start of the call. An information page will be provided for any software needed and system requirements. The live audiocast will also be available at http://www.newswire.ca/webcast/viewEventCNW.html?eventID=512600. Replay: An audio recording of the teleconference will be available approximately one hour after the call until 11:59pm EST on May 20th, 2003. You can access it by dialing 416-640-1917 and using the following passcode, 246472#. An audio archive will also be available on our Investor site (http://investor.bwalk.com) approximately two hours after the conference call. Annual Shareholder Meeting: The Annual and Special General Meeting of the shareholders of Boardwalk Equities Inc. will be held at the Calgary Petroleum Club, 319 – 5 Ave. SW, Calgary, Alberta, at 5:00pm EST in the afternoon after the conference call. Corporate Profile Boardwalk Equities Inc. is Canada’s largest owner/operator of multi-family rental communities. Boardwalk currently owns in excess of 250 properties with close to 30,500 units totalling approximately 26 million net rentable square feet. The company’s portfolio is concentrated in the provinces of Alberta, Saskatchewan, Ontario and Quebec. Boardwalk is headquartered in Calgary and its shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange and trade under the symbol BEI. The Company has a total market capitalization of approximately $2.1 billion. For further information please contact: Boardwalk Equities Inc. Paul Moon, Director of Corporate Communications, (403) 531-9255. Recent investor information can be found on the Internet at http://investor.bwalk.com/.
