TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”) announced the results of voting at its annual general meeting of shareholders held on December 30, 2025.

Full details of the matters are set out in the Company’s management information circular dated November 26, 2025, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

1. ELECTION OF DIRECTORS

Each of the individuals noted in the table below were elected as directors of the Company. Each director elected will hold office until the next annual meeting of Shareholders or until such person’s successor is elected or appointed, unless such person’s office is earlier vacated. The voting results are noted in the table below.

2. APPOINTMENT OF AUDITOR

MNP LLP was appointed as the auditor of the Company until the next annual meeting of the shareholders of the Company or until its successor is duly appointed and the directors of the Company were authorized to fix the remuneration of such auditor. The voting results are noted in the table below.

3. APPROVING THE RENEWAL OF THE COMPANY’S SHARE COMPENSATION PLAN

A resolution, the full text of which is set forth in the management information circular of the Company, approving the renewal of the Company’s “rolling” share compensation plan was passed. The voting results are noted in the table below.

4. APPROVING THE RENEWAL OF THE COMPANY’S STOCK OPTION PLAN

A resolution, the full text of which is set forth in the management information circular of the Company, approving the renewal of the Company’s “rolling” stock option plan was passed. The voting results are noted in the table below.

VOTING RESULTS

	FOR	AGAINST	WITHHELD/ ABSTAIN	NON VOTE	FOR	AGAINST	WITHHELD/ ABSTAIN
Paul Ghezzi	8,988,221	0	801,980	2,375	91.81%	0.00%	8.19%
Claudio Del Vasto	8,982,218	0	807,983	2,375	91.75%	0.00%	8.25%
Andrew Bowerbank	9,306,105	0	484,096	2,375	95.06%	0.00%	4.94%
Danny Carestia	9,306,202	0	483,999	2,375	95.06%	0.00%	4.94%
Joanna Osawe	9,306,205	0	483,996	2,375	95.06%	0.00%	4.94%
Appointment of Auditors	9,704,112	0	88,464	0	99.10%	0.00%	0.90%
Approving the renewal of the Company’s share compensation plan	8,905,204	884,997	0	2,375	90.96%	9.04%	0.00%
Approving the renewal of Company’s stock option plan	8,905,404	884,797	0	2,375	90.96%	9.04%	0.00%

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

CALGARY, Alberta–(BUSINESS WIRE)–Mainstreet Equity Corp. (TSX: MEQ) today announces that the Board of Directors of Mainstreet Equity Corp. (Mainstreet) declared a quarterly cash dividend of $0.08 per Common Share of Mainstreet for the quarter ending December 31, 2025, reflecting a 100% increase over the previous quarter’s dividend. The dividend is payable on January 31, 2026 to shareholders of record at the close of business on January 16, 2026.

Mainstreet designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada). This notice meets the requirements of the Income Tax Act (Canada). Shareholders are encouraged to consult their tax advisors regarding the designation of the eligible dividend.

About Mainstreet Equity Corp.

Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX: MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB, with year-to-date holdings of over 19,100 units. The company’s long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. As at Q4 2025, Mainstreet’s assets were valued at over CDN $3.7 billion based on IFRS value.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements, including, but not limited to, statements relating to the payment of the dividend, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” and words and expressions of similar import. Although Mainstreet believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions; cost and timing of the development of existing properties; availability of capital to fund property stabilization programs; risks associated with the real estate industry, including labour availability and costs, costs of renovation, fluctuations in vacancy rates, rent control, fluctuations in utility and energy costs, credit risk of tenants, fluctuations in interest rates and availability of capital; changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. Mainstreet does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

For further information: Bob Dhillon, Founder, President & CEO

D: +1 (403) 215-6063

Executive Assistant: +1 (403) 215-6070

100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada

TSX: MEQ

https://www.mainst.biz/
https://www.sedarplus.ca

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”, “we”, “our” or the “Trust”) today provides a general business update on liquidity, development and strategic initiatives.

Over the last 90 days, we have made significant progress furthering our business plan and preserving and adding value to the Trust.

Strategic Business Plan

The board of trustees have approved a five-year strategic plan which focuses on developing 49 Ontario and Quayside, which are our two milestone projects, in addition to continuing to develop Zibi and Brightwater. The plan includes crystalizing value on almost all of the Trust’s commercial assets and passive investments and selling certain multi-family assets as needed for liquidity. The goal is for the Trust to eventually own approximately 2,300 residential rental units (at share) by 2030, with the multi-family segment comprising approximately 90% of the Trust’s value, approximately 72% of our debt being CMHC Affordable Construction Loan Program (“ACLP”) financing and another 9% being MLI Select CMHC financing. These CMHC financings are valuable as they tend to have long terms and government insurance which facilitates refinancing.

“In 2025, we made significant progress in supporting the Trust’s value. Pursuant to our business plan, we expect the portfolio to be 90% multi-family in Toronto and the National Capital Region by 2030 with stable and low-cost government financing and one of the most attractive multi-family rental portfolios in the industry,” said Michael Cooper, Portfolio Manager. “We have commenced construction of 49 Ontario with low cost 20-year financing, we have significantly advanced the pre-development of Quayside, dramatically increased occupancy in our recently completed purpose-built rentals, reduced our land debt substantially and secured long term corporate debt resulting in a better positioned business as 2025 ended. We expect to build on this momentum throughout 2026.”

49 Ontario

49 Ontario is a 1,226-unit, two-tower purpose-built rental development, including 308 affordable units. Demolition on the site commenced in November and the Trust has now closed on the previously announced government affiliated financing, locking in a 20-year term.

On January 5^th, we completed the sale of a 10% interest in the project to our co-developer and long-term partner, CentreCourt, which will also act as construction manager. CentreCourt’s proven track record of delivering quality residential projects in a cost-efficient and timely manner strengthens execution certainty and aligns long-term interests across the partnership.

With many of the components of the development now in place, we are able to demonstrate the strong achievements to date. We have benefited from the federal government’s waiver of HST on apartment projects as well as the City of Toronto’s waiver of development charges for certain affordable housing projects under the Rental Housing Supply Program. To date, construction tendering and pricing has been encouraging, and management is optimistic that significant project savings will be realized.

49 Ontario is a significant and strategically de-risked investment for the Trust. While interest rates have increased over the past three years, the project’s 20-year debt materially mitigates financing and refinancing risk. With no refinancing required until 2046, the loan’s principal balance is expected to decline by approximately 13% over the term. Assuming annual rental growth of 2.5% (which is well below the historical 20-year average of 3.4%), net operating income is expected to increase by approximately 63% over the loan term. Combined with the principal reduction, growth in net operating income and a government guarantee, these factors should result in a substantially lower loan-to-value ratio at maturity and are expected to facilitate future refinancing requirements.

While the construction costs, the development charge waiver and the HST waiver are permanent, the decline in rents is not. Currently, the decline in immigration and the new supply of condominiums are reducing demand and increasing supply, though the new supply of multi-family units in Toronto is expected to decline substantially over the next few years.

Following the sale of the 10% project interest for $6.5 million, the Trust’s remaining equity value in the development is $58.5 million and we will also recover $4.9 million of pre-development costs. In addition, we own surplus land at the site that is not required for the development, which we intend to sell in 2026.

“With the support of the federal and provincial governments and the City of Toronto, 49 Ontario is well-positioned as we have realized significant development savings that offset current lower rental rates. With this condo cycle coming to an end and a return to historic immigration growth, we anticipate a more constructive rental rate environment during the development period of our new buildings, which ultimately results in a fair return to our unit holders, while also providing new housing adjacent to public transit and over 300 affordable units,” said Michael Cooper, Portfolio Manager.

Quayside

We are making the progress we anticipated at Quayside and estimate that it is about nine months behind the development start of 49 Ontario, subject to various approvals and continued final negotiations. Quayside is also expected to benefit from the HST waiver, development charge waivers and construction savings that have benefited 49 Ontario. Quayside is a two-tower development on Toronto’s waterfront due south of the Distillery District. It will have over 1,100 market rental units as part of a public private partnership with Waterfront Toronto and the City of Toronto and will also include over 500 affordable housing units that are not owned by MPCT. MPCT is expected to own 25% of the development. We expect to provide significant updates on Quayside over the next 90 days.

Reducing Land Loans

At the beginning of 2025, the Trust had $237 million of land loans, at the Trust’s share, for projects that were not under development. Over the course of the year and through early 2026, the Trust has reduced its land loan exposure to $144 million. Further, in 2026 we expect to reduce our land loans by an additional $56 million related to Scarborough Junction, Quayside, Forma West and Lakeshore East. This will reduce our land loans on projects not yet started to $87 million, which primarily comprises Lakeshore East and Forma West. We expect land loans to be reduced by over 60% from the beginning of 2025 to the end of 2026.

Dream Loan Upsize

The Trust previously announced a $15 million loan from Dream Asset Management Corporation (“DAM”), our asset manager, demonstrating DAM’s continued support for Dream Impact. In early 2026, we expect that the facility will be upsized to $50 million and will bear interest at a rate equal to the higher of 10% or 6% above the Canadian Overnight Repo Rate Average. The facility matures in five years and is secured by general and continuing collateral over certain of the Trust’s assets.

2026 Asset Management Fee

Since 2019, the management fees payable to DAM, the Trust’s asset manager, have been settled by the delivery of units of the Trust, which has supported our overall liquidity objectives. The current arrangement to satisfy these fees expired on December 31, 2025, and the Trust and DAM have agreed, subject to necessary TSX, regulatory and unitholder approvals, to settle the 2026 management fee through the issuance of approximately $3.6 million of unsecured convertible debentures. The debentures will be on similar terms to the Trust’s existing 5.75% convertible unsecured subordinated debentures that mature on December 31, 2027. The reduced asset management fee and payment in convertible debentures in lieu of cash preserves liquidity for the Trust, provides it with further financial flexibility to execute on its strategic initiatives and demonstrates DAM’s strong alignment with the Trust’s overall strategy. In aggregate, DAM and its joint actors own 39.3% of the Trust as at January 7, 2026. Information on the proposed fee arrangement will be included in the Trust’s management information circular for its upcoming 2026 annual meeting.

2026 Debentures Extension

The Trust announced today that it has closed on its previously announced agreement to extend and amend certain terms of the Trust’s 5.50% convertible unsecured subordinated debentures due July 31, 2026 (the “2026 Debentures”). All of the Debentures are beneficially owned by certain controlled affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”). The maturity date of the 2026 Debentures has been extended from July 31, 2026 to July 31, 2031. In addition, the interest rate of the 2026 Debentures will change from 5.50% to 6.50% for periods commencing on February 2, 2026 and the conversion price of the Debentures has been adjusted to $2.75 per unit. Under the amended terms of the 2026 Debentures, the Trust has the right at its sole option to satisfy any conversion request in cash in lieu of delivering units of the Trust that would otherwise be issuable on conversion of the 2026 Debentures. The 2026 Debentures will be redesignated as 6.50% convertible unsecured subordinated debentures following the upcoming February 2, 2026 interest payment date.

“The steps taken to reduce our land debt, extend our convertible debt for five years, and increase the loan from DAM are improving our financial position,” said Derrick Lau, Chief Financial Officer. “The commencement of new developments and leasing of recently completed purpose built rental projects continue to support and add value to our portfolio. While we still have much work to do to achieve the plan, given the swift and significant negative changes to the housing market, the steps taken in 2025 and the recently approved strategic business plan provide a road map for a stronger business in the future.”

Board Update

The Trust also announces that Ms. Karine MacIndoe is retiring from the board of trustees of Dream Impact Trust to focus on other ventures and commitments and has also retired from the board of Dream Office REIT. The Trust wishes Karine success in these endeavours.

About Dream Impact

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “timeline”, “potential”, “strategy”, “targets”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events.

Some of the specific forward-looking information in this press release may include, among other things, statements relating to the Trust’s goals, objectives and strategies to achieve those objectives; our expectations regarding our developments including 49 Ontario, Quayside, Zibi and Brightwater; the Trust’s ability to achieve the items set forth in its five-year strategic plan, including the crystallization of value and disposition of certain assets, the number of units owned by 2030 and the relative percentage of value and debt generated from certain segments and programs; the Trust’s expectations regarding increases to its occupancy and reduction on its land-debt and its ability to continue to best position the business throughout 2026; expectations regarding 49 Ontario including the impact of the partnership with CentreCourt, total development costs, reduction of loan principal over the term, assumptions regarding rental growth rates and its impact on net operating income and the ability to meet refinancing requirements upon loan maturity; expectations regarding the supply of multi-family units in Toronto over time; the Trust’s ability to sell certain undeveloped land at 49 Ontario and the timing thereto; the Trust’s expectations regarding economic cycles including its impact on the condo markets and the rental rate environments; the Trust’s expectations regarding Quayside, including timing, benefits from waivers and construction savings similar to 49 Ontario, the number of units, the Trust’s ownership of the development and anticipated timing for updates thereto; expectations regarding the reduction in land loans including the quantum of reductions, the related projects, the percentage of overall reduction and timing thereto; the expectation that we will be able to upsize our facility with DAM to $50 million; the Trust’s ability to receive necessary approvals to settle the 2026 management fee through the issuance of debentures along with the terms thereto and impact thereof; and the Trust’s expectations that the strategic business plan provides a road map for a stronger business in the future. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: adverse changes in general economic and market conditions; liquidity risk; financing and risks relating to access to capital; interest rate risks; public health risks; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, and international sanctions; inflation; risks related to the imposition of duties, tariffs and other trade restrictions and their impacts; the disruption of free movement of goods and services across jurisdictions; the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and developments; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; the risk that corporate activities and reviews will not have the desired impact; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable; the gradual recovery and growth of the general economy in 2026; that no unforeseen changes in the legislative and operating framework for our business will occur; that there will be no material change to environmental regulations that may adversely impact our business; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high-quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; there will not be a material change in foreign exchange rates; that the impact of the current economic climate and global financial conditions on our operations will remain consistent with our current expectations and that inflation and interest rates will not materially increase beyond current market expectations; that no duties, tariffs or other trade restrictions will negatively impact us; our expectations regarding the availability and competition for acquisitions remains consistent with the current climate.

All forward-looking information in this press release speaks as of January 7, 2026, unless otherwise noted. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in the Trust’s filings with securities regulators filed on the System for Electronic Document Analysis and Retrieval+ (www.sedarplus.com), including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamimpacttrust.ca.

Contacts

Derrick Lau
Chief Financial Officer

416 365-2364

dlau@dream.ca

Kimberly Lefever
Director, Investor Relations

416 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of January 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on February 17, 2026 to unitholders of record on January 30, 2026.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:

TSX: PMZ.UN

www.primarisreit.com

www.sedarplus.ca

 

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & Sustainability

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

SUNNYVALE, Calif.–(BUSINESS WIRE)–#AI–KloudGin announced it has been recognized as a Major Player in the IDC MarketScape: Worldwide AI-Enabled Asset-Intensive Enterprise Asset Management Applications 2025–2026 Vendor Assessment¹.

“We’re honored that IDC MarketScape has recognized KloudGin as a Major Player in enterprise asset management,” said Vikram Takru, CEO and Co-Founder of KloudGin. “We believe this validates our vision of becoming the operating system for utility and public sector operations by bridging all work groups, all work types, and all asset types. By eliminating operational silos, we enable organizations to deliver more reliable, resilient service to the communities they serve.”

Single Face of Work® Delivers Unified Operations

KloudGin’s cloud-native platform provides one unified system for all work — regardless of type, location, or who performs it. The platform manages long-cycle preventive maintenance and short-cycle emergency response, coordinates work across linear distribution networks and vertical facilities, and orchestrates activities by internal crews, contractors, and mutual aid teams. This approach delivers improved asset reliability, enhanced workforce productivity, and reduced operations and maintenance-related expenses.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About KloudGin

KloudGin is the leading provider of AI-native field service, construction work, and asset management solutions that connect customers, crews, and assets within a unified platform. KloudGin helps utilities and public sector organizations transform operations through digitalization and optimization of workforces, workflows, and assets, enabling sustainable service excellence. www.kloudgin.com.

____________________
1		IDC MarketScape: Worldwide AI-Enabled Asset-Intensive Enterprise Asset Management Applications 2025–2026 Vendor Assessment, Doc # US52977525, December 2025

 

Contacts

For more information, press only:

Michael Levi

mlevi@kloudgin.com
+1.650.489.5124

HOUSTON–(BUSINESS WIRE)–Chemelex, a global leader in electric thermal and sensing solutions, today announced the successful completion of its acquisition of substantially all the assets and ongoing operations of Electric Heat Trace Group Ltd. (EHT Group), headquartered in Ontario, Canada. This strategic move marks an exciting start to the new year and reinforces Chemelex’s commitment to delivering smarter, data-driven solutions for industrial heat trace systems.

EHT Group is a recognized innovator in heat trace management, offering advanced software, integrated controller solutions, wireless communication modules, and comprehensive field services. Its flagship platform, SmartTrace, is a robust solution available in both cloud-based and on-premises deployments that enables predictive maintenance, minimizes downtime, and provides secure remote monitoring—helping customers achieve greater reliability and operational efficiency.

This endeavor will help Chemelex support greater operational efficiencies for our customers through the following:

• Enhanced Digital Capabilities: SmartTrace strengthens Chemelex’s software portfolio and complements its next-generation Raychem Elexant controllers and Supervisor software. The platform also allows integration with alternative heat tracing control systems.
• Greater Customer Value: Combining EHT Group’s expertise with Chemelex’s global reach delivers improved up-time and actionable insights for global clients.
• Customized maintenance: Through integration with Tracer’s Life Cycle Services, customers can optimize the maintenance and operations of their installed heat-tracing systems.

With the transaction now closed, EHT Group employees have officially joined the Chemelex Projects & Services team, bringing their passion for innovation and deep industry expertise to the organization.

“This acquisition marks a bold step forward for Chemelex and sets the tone for an exciting year ahead. Together, we’ll deliver smarter solutions and greater value to our customers.”

— Martin Lee, VP, Projects & Services at Chemelex

For more information, visit http://www.chemelex.com.

About Chemelex

Chemelex is a global leader in electric thermal and sensing solutions, protecting the world’s critical processes, places and people. With over 50 years of innovation and a commitment to excellence, we develop solutions that ensure safety, reliability, and efficiency in diverse environments – from industrial plants and data centers to people’s homes.

Chemelex is a Brookfield company. Chemelex trusted brands include Raychem, Tracer, Pyrotenax, and Nuheat, all enabling the world to move forward with confidence.

Contacts

Media Contact
Randeep Dosanjh

Marketing Manager, Software & Control and Monitoring Solutions

Chemelex

+1 778-554-9276

randeep.dosanjh@chemelex.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada announced that its Founder, Chairman, and Chief Executive Officer, H. Michael Schwartz, will speak at the eighth annual KeyBanc Self Storage Investor Forum on Thursday, January 8, 2026.

The forum will be held at the Westin New York Grand Central in New York City. Mr. Schwartz will participate in a fireside chat titled “The IPO: What It Means to Be Public, Why Now, and What’s Next?”. The session will take place at 12:00 p.m. Eastern Standard Time for registered attendees.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop^® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management, LLC, offers third-party management services in the U.S. and Canada. As of January 5, 2026, SmartStop has an owned or managed portfolio of more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

Investor Relations Contact:

David Corak

Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Media Relations Contact:

Spotlight Marketing Communications

949-427-5172

info@spotlightmc.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial and operational results for the three months and year ended December 31, 2025, after the market closes on Tuesday, February 17, 2026.

Interested parties are invited to participate in a conference call with management on Wednesday, February 18, 2026 at 10:00 a.m. Eastern time. To access the conference call, click on the following link to register at least ten minutes prior to the scheduled start of the call: Pre-registration link. Participants who pre-register prior to the call will receive an email with dial-in credentials including login passcode and PIN to gain immediate access to the live call. Those that are unable to pre-register may dial-in for operator assistance by calling 1-833-950-0062 and entering the access code:255852.

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the following link on RioCan’s website: Events and Presentations and click on the link for the webcast.

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To access the replay, please dial 1-866-813-9403 followed by the access code: 959096.

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based and mixed-use properties in densely populated communities. As at September 30, 2025, our portfolio is comprised of 173 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com

ARLINGTON, Va.–(BUSINESS WIRE)–CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets, today released the three key trends that will likely shape Canada’s real estate market outlook in 2026.

An economy in structural transition

In 2025, Canada’s economy outperformed expectations, with strong domestic spending helping avoid a recession. The 2026 outlook, however, may be less optimistic.

“Population growth is poised to decline due to new federal government rules restricting immigration for non-permanent residents,” said Carl Gomez, Chief Economist for Canada at CoStar Group. “With households still reeling from significant affordability concerns and an elevated cost of living, Canada’s domestic economy is likely to struggle replicating its 2025 standout performance, resulting in a demand-side drag for some household-driven property types.”

A cyclical housing supply overhang

Canada has seen a growing inventory of for-sale condos, with the excess inventory expected to clear in the next six to nine years.

“Developers have shifted their focus to purpose-built rental apartments in recent years, resulting in the highest number of rental apartment units currently under construction in the last 50 years,” said Gomez. “Given high development costs, the average unit rent is considerably high, leaving many of the recently completed units vacant due to affordability constraints.”

Average home prices and apartment rents are expected to continue declining in the upcoming year, with an equilibrium unlikely to return until 2027.

Capital market reset

As inflation remains elevated and government debt continues to rise, long-term interest and mortgage rates have not dropped in response to central bank policy cuts over the past two years.

“Capital market conditions are unlikely to be a continued tailwind for the sector,” said Gomez. “Distress-driven transactions, especially those involving land and development assets, are likely to continue to increase and prevent a meaningful improvement to overall deal activity in 2026.”

Real estate capital stack is likely to continue evolving in 2026 as new sources, including private real estate investment trusts, family offices, infrastructure funds, and private debt, help to narrow the existing gap between buyer and seller expectations over the longer term.

The full analysis can be found here.

For more information about the company and its products and services, please visit costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

This news release includes “forward-looking statements” including, without limitation, statements regarding CoStar’s expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that domestic economic conditions in Canada, such as increased cost of living does not drive down consumer spending, does not occur or does not negatively impact the household property market as expected across supply and demand; the risk that Canadian capital market conditions and transaction activity is not impacted as expected by macroeconomic conditions. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2024 and Forms 10-Q for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

News Media Contacts
Haley Luther

Senior Communications Manager

(216) 278-0627

hluther@costar.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of a 1.78-acre land parcel in Toronto, Ontario, for the planned development of a Class A self-storage facility. SmartStop will undertake the development in partnership with SmartCentres (TSX: SRU.UN).

The site at 1125 Finch Ave is located approximately nine miles north of downtown Toronto and one mile southeast of York University, placing it squarely within one of the most densely populated and supply-constrained trade areas in the city. An estimated 1 million residents live within a five-mile radius, supported by sustained residential density and limited availability of modern self-storage facilities. These fundamentals underpin durable, long-term demand and create a significant barrier to entry for new competitors.

The proposed development will consist of a four-story, state-of-the-art self-storage facility totaling approximately 100,000 net rentable square feet, comprising approximately 1,100 climate-controlled units. The facility is designed to capture unmet demand in a market characterized by strong absorption, constrained land availability, and high replacement costs.

Construction is scheduled to commence in the fourth quarter of 2026, with a planned soft opening in the fourth quarter of 2027. Upon completion, the facility will serve the established neighborhoods of York University Heights, Downsview, Black Creek, Humbermede, Glen Park, and Emery, further solidifying SmartStop’s position as a dominant self-storage operator in the Greater Toronto Area.

“This acquisition underscores our commitment to disciplined growth in supply-constrained, top-tier urban markets with compelling demographic trends,” said H. Michael Schwartz, Chief Executive Officer of SmartStop Self Storage REIT, Inc. “By partnering with SmartCentres, we are advancing a premier self-storage development that expands our Canadian footprint and positions us to capture long-term value in a high-growth market.”

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management, LLC, offers third-party management services in the U.S. and Canada. As of December 23, 2025, SmartStop has an owned or managed portfolio of more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the closing of the sale of the Baldi property for €14.0 million ($22.9 million). The 124,000 square foot office and mixed-use property comprised of four buildings around a central courtyard, is located near the Paris ring road in Saint-Ouen, France.

“This closing represents our second completed disposition in 2025, together generating approximately $23 million in cash for the REIT,” said Stéphane Amine, President and Chief Executive Officer of Inovalis REIT. “These transactions reflect our continued focus on asset recycling and balance sheet strength, while enhancing our financial flexibility to advance the REIT’s strategic priorities.”

The net proceeds from this transaction after the full repayment of bank debt related to the property and disposition costs is expected to be approximately €11.2 million ($18.3 million) and will be used for capital expenditures relating to the re-positioning and/or re-development of currently owned properties and further reducing the REIT’s indebtedness.

FORWARD-LOOKING INFORMATION

About Inovalis REIT

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 11 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.

About Inovalis Group

Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets

Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.

Contacts

Stephane Amine, President and Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3315

stephane.amine@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3313

khalil.hankach@inovalis.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced today progress on its disposition program that supports its capital recycling objectives.

Northland Disposition

On December 19, 2025, Primaris completed the sale of Northland Village and Northland Professional Centre (“Northland”) in Calgary, Alberta, for $154.0 million, to a Canadian institutional investor. Northland Village, a recently redeveloped, high quality, open air centre, is anchored by Walmart, Winners, Best Buy, GoodLife, Dollarama, and Spinelli Italian Centre Shop, a specialty grocery store and restaurant. Situated in an affluent trade area in northwest Calgary, Northland attracted strong interest from a broad pool of buyers.

“Primaris is very pleased to close out the year with the strategic disposition of Northland, continuing to demonstrate our track record of disciplined capital allocation and capital recycling,” said Alex Avery, Chief Executive Officer. “Executing $400 million of non-core asset sales in 2025 underscores Primaris’ commitment to maintain a best-in-class balance sheet while continuing to leverage the competitive advantage our management platform provides, for acquiring, owning, and managing market leading Canadian malls.”

Northland was sold at IFRS fair value, with proceeds allocated to the repayment of debt, repurchase, and cancellation of units under the REIT’s normal course issuer bid, and general trust purposes.

Northland Village and Northland Professional Centre were both unencumbered at the time of sale.

Primaris maintains its 2025 and 2026 guidance, as this disposition was fully anticipated.

The below table summarizes the REIT’s dispositions year to date.

Property Name	Location	Type	Gross Leasable Area	In-place Occupancy		Disposition Price1 ($ millions)			Closing Date
4 acres	Medicine Hat, AB	Excess land	n/a	n/a		2.0			February 21, 2025
Sherwood Park Mall and Sherwood Park Professional Centre2	Sherwood Park, AB	Enclosed shopping centre and professional centre	415,237	94.7 %		107.0			February 28, 2025
St. Albert Centre3	St. Albert, AB	Enclosed shopping centre	352,812	97.3 %		60.0			March 31, 2025
Lansdowne Industrial	Peterborough, ON	Industrial Centre	265,076	87.3 %		9.9			May 30, 2025
Carry Drive, Dunmore Plaza and Park Plaza	Medicine Hat, AB	Strip plazas	93,914	74.2 %		12.7			July 21, 2025
Northpointe Town Centre	Calgary, AB	Open air plaza	200,582	100.0 %		54.5			July 23, 2025
Northland Village and Northland Professional Centre	Calgary, AB	Open air and professional centre	416,909	94.0 %		154			December 19, 2025
		2025 Dispositions	1,744,530			$ 400.1

1 Before transactions costs.

2 Disposition consideration included a $4.1 million 5-year vendor take-back note with an annual interest rate of 6.0%.

3 Disposition consideration included a $10.0 million 1-year vendor take-back note with an annual interest rate of 6.0%.

Financing Update

Primaris used a portion of the net proceeds of the Northland disposition to fully repay its $100 million unsecured bilateral non-revolving term facility, and concurrently unwound the associated $50 million hedge.

In addition, Primaris extended the term of its $600 million unsecured revolving credit facility by one year to January 4, 2029, and achieved a 0.15% reduction in the variable interest rate on the facility from either: (i) 0.35% over Prime to 0.20% over Prime, or (ii) 1.35% over Adjusted Canadian Overnight Repo Rate Average (“CORRA”) to 1.20% over Adjusted CORRA.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million sq.ft., valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Forward-Looking Statements

Certain statements included in this news release constitute ‘‘forward-looking information’’ or “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, “estimates”, “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding: the REIT’s growth strategy, the REIT’s guidance for 2025 and 2026 and the allocation of proceeds from the Northland disposition for debt repayment, unit repurchases under the REIT’s normal course issuer bid, and general trust purposes. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on estimates and assumptions that are inherently subject to risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, actual results, performance or achievements of Primaris may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in the REIT’s Annual MD&A which is available on SEDAR+, and in Primaris’ other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates.

Readers are also urged to examine the REIT’s materials filed with the Canadian securities regulatory authorities from time to time as they may contain discussions on risks and uncertainties which could cause the actual results and performance of Primaris to differ materially from the forward-looking statements contained in this news release. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as the date of this news release and Primaris, except as required by applicable securities laws, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.

For more information:

TSX: PMZ.UN

www.primarisreit.com

www.sedarplus.ca

 

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations

& Sustainability

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com