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Guardian Life trims stake in MI Developments to 8.9%
By E. Janene Geiss
Philadelphia, Nov. 25 - Guardian Life decreased its investment to 8.9% in MI Developments, Inc. as of Nov. 21, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 4,091,572 shares.
Those holdings are down from the passive stake of 9.4%, or 4,406,189 shares, that Guardian Life reported owning on Dec. 31, 2007.
On Dec. 31, 2006, the investor reported holdings of 9.3%, or 4,448,890 shares.
MI Developments is an Aurora, Ont., real estate development company.
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