MI Developments investor Farallon continues to sell shares

By Lisa Kerner

Charlotte, N.C., Feb. 17 - A group of MI Developments Inc. shareholders led by Farallon Partners, LLC sold 128,698 shares of the company's stock between Jan. 20 and Feb. 5 priced from $5.73 to $7.39 per share, according to a schedule 13D/A filed with the Securities and Exchange Commission.

A prior SEC filing reported that Farallon sold 252,400 shares of the company's stock on Jan. 12 for $7.48 each.

Farallon beneficially owns 2,549,789 shares, or 5.5%, of the Aurora, Ont., real estate development company.

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