TSX SYMBOL: BEI April 26, 2004
Teleconference On Fiscal 2004 First Quarter Financial Results
Calgary, Alberta – April 26, 2004 - Boardwalk Equities Inc. (“BEI” - TSE) Boardwalk Equities Inc. announces that the Company's fiscal 2004 first quarter financial results will be released the morning of Thursday May 13th, 2004. We invite you to participate in the teleconference that will be held to discuss these results that same morning at 11:00 am 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 1-800-814-4861 (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/en/webcast/viewEvent.cgi?eventID=796840. Replay: An audio recording of the teleconference will be available approximately one hour after the call until 11:59pm EST on May 20th, 2004. You can access it by dialing 416-640-1917 and using the passcode 21048184 followed the pound sign. An audio archive will also be available on our Investor site (http://investor.bwalk.com) approximately two hours after the conference call. Corporate Profile Boardwalk Equities Inc. is Canada's largest owner/operator of multi- family rental communities. Boardwalk currently owns and operates in excess of 250 properties with over 31,400 units totaling 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 the Toronto Stock Exchange under the symbol BEI. The Company has a total market capitalization of approximately $2.2 billion. In a press release dated March 12, 2004, Boardwalk's Board of Directors called a Special Meeting of the Shareholders and Optionholders of the Corporation to vote on a proposal to reorganize the Company into a Real Estate Investment Trust (REIT). The Special Meeting will be held at 3:00 pm (MST) on April 28, 2004, at the Calgary Petroleum Club, 319 - 5th Ave SW, Calgary, Alberta. The completion of the conversion subsequent to a successful vote is expected to be on or about May 3, 2004. For further information please contact: Boardwalk Equities Inc. Sam Kolias, President and CEO, (403) 531-9255; Roberto Geremia, Senior Vice President, Finance and Chief Financial Officer, (403) 531-9255; Mike Hough, Senior Vice President, (416) 364-0849; Paul Moon, Director of Corporate Communications, (403) 531-9255.
