[SatNews] MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) has executed definitive agreements for the sale of its Property Information business, which is principally located in the US and Europe. This business, which provides property information to insurance companies, lenders, and legal professionals, will be acquired by TPG Capital. MDA expects to realize net cash proceeds of approximately $850 million from the sale after related taxes. The transaction is expected to close early next year, and is subject to the customary regulatory approvals and other approvals and consents typical for this type of transaction. The Company also announced that the Board of Directors has adopted a dividend policy of $1 per share from operating cash to be paid in two equal installments of $0.50 per share on or about March 31st and September 30th, commencing in 2011.