MI Developments notice of release of third quarter 2009 results

AURORA, ON, Nov. 2 /CNW/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the third quarter ended September 30, 2009 on Tuesday, November 10, 2009 after the close of the market.

About MID

MID is a real estate operating company engaged primarily in the acquisition, development, construction, leasing, management, and ownership of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its subsidiaries in North America and Europe. MID also acquires land that it intends to develop for mixed-use and residential projects. MID holds a majority equity interest in Magna Entertainment Corp. ("MEC"), an owner and operator of horse racetracks, and a supplier, via simulcasting, of live horseracing content to the inter-track, off-track and account wagering markets. MEC has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

SOURCE MI DEVELOPMENTS INC.

For further information: For further information: Rocco Liscio, MID's Executive Vice-President and Chief Financial Officer, at (905) 726-7507

Organization Profile

MI DEVELOPMENTS INC.

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