($179 Million CAD)

KANSAS CITY, Mo.–(BUSINESS WIRE)–EPR Properties (NYSE:EPR) today announced that it is acquiring the Village Vacances Valcartier resort and hotel in Quebec City, Quebec, and the Calypso Waterpark in Ottawa, Ontario for aggregate consideration of approximately $142 million USD (approximately $179 million CAD) using cash on hand. Simultaneous with the acquisition, the Company is leasing these properties to Premier Parks pursuant to a long-term triple net lease.

The Village Vacances Valcartier is an iconic four-season resort covering approximately 225 acres and offering indoor and outdoor water park attractions and winter activities, such as tubing and sledding, over 600 campground sites and a variety of food and beverage options. The resort also includes The Hotel Valcartier, a four-star modern hotel with 153 rooms, the famous Hotel de Glace (ice hotel) which offers guests a truly unique winter experience and the Aroma Spa.

Calypso Waterpark is the largest themed waterpark in Canada covering approximately 350 acres, with 35 water slides, two lazy rivers and home to the largest wave pool in the country.

“We are delighted to announce the acquisition of two of the top performing attractions in Canada. These acquisitions demonstrate the value of our years of experience and long-standing relationships in experiential real estate,” commented Gregory Silvers, Chairman and CEO of EPR Properties. “Consistent with our stated strategy, we are ramping up our investment spending as our pipeline of experiential real estate opportunities continues to grow.”

About EPR Properties

EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have $6.5 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements presented herein, if any, are based on the Company’s current expectations. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of actual events. There is no assurance the events or circumstances reflected in the forward-looking statements will occur. You can identify forward-looking statements by use of words such as “will be,” “intend,” “continue,” “believe,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “pipeline,” “estimates,” “offers,” “plans,” “would” or other similar expressions or other comparable terms or discussions of strategy, plans or intentions contained or incorporated by reference herein. Forward-looking statements necessarily are dependent on assumptions, data or methods that may be incorrect or imprecise. These forward-looking statements represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Many of the factors that will determine these items are beyond our ability to control or predict. For further discussion of these factors see “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K and, to the extent applicable, our Quarterly Reports on Form 10-Q.

For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date hereof or the date of any document incorporated by reference herein. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Except as required by law, we do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances after the date hereof.

Contacts

EPR Properties

Brian Moriarty, (816) 472-1700

www.eprkc.com

Acquisition Intended to Protect and Conserve Lands Near Iskut

DENVER–(BUSINESS WIRE)–Newmont Corporation (NYSE:NEM, TSX:NGT) is announcing that it has closed a transaction with Skeena Resources Limited to acquire certain properties located in Tahltan Territory in northwestern British Columbia.

Newmont will work in collaboration with the Tahltan Nation, the Iskut community and the British Columbia government to make available portions of the acquired properties to support the land use planning objectives of the Tahltan Nation and the Iskut community.

“We are committed to sustainable resource development and developing a world class mining jurisdiction while protecting and conserving lands that are important to the Tahltan Nation and the Iskut community,” said Newmont President and CEO Tom Palmer. “The mining claims around Iskut are not being purchased for development or their mineral potential, but in an effort to address concerns raised through our engagement with the Tahltan Nation.”

In 2021, Newmont acquired the Saddle North deposit through the acquisition of GT Gold Corporation. At the time of acquisition, the Company recognized and continues to acknowledge the need for Tahltan consent to advance the project.

About Newmont

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, visit our annual Sustainability Report at www.newmont.com.

Cautionary Statement

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements may include expectations regarding the results of collaboration and land use planning with Tahltan, the Iskut community and the government in the future. Expectations of future events are based upon certain assumptions, which may prove to be incorrect, and remain subject to risks, which could cause actual results to differ materially. For a discussion of risks and other factors that might impact future looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the “SEC”), under the headings “Forward- Looking Statements” and “Risk Factors”, available on the SEC website or www.newmont.com.

Contacts

Media Contact

Courtney Boone

303.837.5159

courtney.boone@newmont.com

Investor Contact

Daniel Horton

303.837.5468

daniel.horton@newmont.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Transaction highlights include:

• Gross proceeds of $518 million received by Stelco Inc.
• Leaseback of land underlying Stelco’s value-added steel finishing operations on favourable terms for 35 years, with renewal options for five further 20-year terms
• Allows for redevelopment of lands that have been idled since 2010 by major Ontario commercial and industrial real estate company
• Further demonstrates Stelco’s commitment to realizing significant value from underutilized assets

HAMILTON, Ontario–(BUSINESS WIRE)–Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) announced today that its wholly-owned subsidiary, Stelco Inc., has successfully closed a sale-leaseback transaction with an affiliate of Slate Asset Management (“Slate”). Stelco Inc. has sold the entirety of its interest in the approximately 800-acre parcel of land it occupies on the shores of Hamilton Harbour in Hamilton, Ontario to Slate for gross consideration of $518 million. In conjunction with the sale, Stelco Inc. has entered into a long-term lease arrangement for certain portions of the lands to continue its cokemaking and value-added steel finishing operations at its Hamilton Works site in Hamilton, Ontario.

Under the lease arrangements, Stelco will lease back portions of the lands on which it conducts its cold-rolling, galvanizing and other finishing operations under a 35-year lease, with renewal options for five additional 20-year terms. In addition, Stelco has entered into leases in respect of its Hamilton Works coke battery operations and its headquarters building and has the option to lease newly constructed office space at the Hamilton Works site on the expiry of the headquarters lease. The rental rates in respect of the leases are at market rates. The leases are ‘triple-net’ leases whereby Stelco is responsible for all operating, occupancy and maintenance costs and expenses in respect of the leased premises. Upon expiration of the respective leases, Stelco is required to vacate and demolish the buildings on the premises.

Stelco Executive Chairman and Chief Executive Officer Alan Kestenbaum said: “Stelco is thrilled to partner with Slate on this transaction. After reacquiring the lands in Hamilton, we have been working to unlock value and find the right partner to redevelop the lands upon which Stelco was founded. This is a great transaction for Stelco and its shareholders, and introduces a strong and experienced developer in Slate to further develop and grow our home city of Hamilton.” Kestenbaum continued, “We look forward to continuing to operate in the community that we have called home for over 100 years as it enjoys new growth opportunities.”

About Stelco

Stelco is a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America. Stelco produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled sheet products, as well as pig iron and metallurgical coke. With first-rate gauge, crown, and shape control, as well as uniform through-coil mechanical properties, our steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centres, which are distributors of steel products. At Stelco, we understand the importance of our business reflecting the communities we serve and are committed to diversity and inclusion as a core part of our workplace culture, in part, through active participation in the BlackNorth Initiative.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may relate to our future outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. These statements include, without limitation, statements regarding our continued operations in the community.

Undue reliance should not be placed on forward-looking information. The forward-looking information in this press release is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Certain assumptions in respect of: the utilization of and access to our production capacity; capital expenditures associated with accessing such production capacity; the impact of COVID-19 on our business and the broader market in which we operate; the market’s ability to recover from COVID-19; upgrades to our facilities and equipment; our research and development activities associated with advanced steel grades; our ability to source raw materials and other inputs; our ability to supply to new customers and markets; our ability to effectively manage costs; our ability to attract and retain key personnel and skilled labour; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; changes in laws, rules, and regulations, including international trade regulations; and growth in steel markets and industry trends are material factors made in preparing the forward-looking information and management’s expectations contained in this press release.

There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date of this news release and are subject to change after such date. Stelco disclaims any intention or obligation or undertaking to update publicly or revise any forward-looking statements, whether written or oral, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

For Further Information

For investor enquiries: Paul D. Scherzer, Chief Financial Officer, (905) 577-4432, paul.scherzer@stelco.com

For media enquiries: Trevor Harris, Vice-President, Corporate Affairs, (905) 577-4447, trevor.harris@stelco.com

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain announces today that it has entered into a definitive agreement pursuant to which the Group will acquire Kaycan, Ltd., a family-owned manufacturer and distributor of exterior building materials in Canada and in the United States, for US$928 million (approximately €860 million) in cash.

With this acquisition, Saint-Gobain reinforces its worldwide leadership in light and sustainable construction by becoming the top siding player in Canada and enlarging its vinyl offer across the United States with complementary solutions including notably aluminum and engineered wood.

The price represents a multiple (before synergies) of approximately 11.2x Kaycan’s 2021-2022E¹ EBITDA of US$83 million and a net acquisition price of approximately US$820 million, i.e. a multiple of approximately 8.0x EBITDA post run-rate synergies of US$30 million and after the planned divestiture of the small United States distribution arm of Kaycan (that accounts for c.US$70 million in stand-alone resell of Kaycan products to third parties and c.US$10 million in EBITDA, assumed to be sold at a similar pre-synergy multiple to a third party shortly after the finalization of the transaction), while keeping the locally well-established Canadian distribution.

This acquisition meets the Group’s strategic and financial criteria articulated during the Capital Markets Day of October 6, 2021:

1. Strengthening the Group’s leadership in North America as well as enriching our offering in light and sustainable construction
2. Value creation by year 3 following the closing of the transaction
3. Maintaining a strong balance sheet and solid credit rating with a limited impact of +0.1x net debt to EBITDA with leverage staying within the target set (1.5 to 2.0x)

Closing of the transaction is subject to antitrust approvals and satisfaction of other customary closing conditions; it is expected to close by year-end 2022.

STRATEGIC BENEFITS

Kaycan is a leading exterior building materials player with US$472 million in revenues – more than half in Canada and the remainder in the United States, 12 manufacturing plants (of which 9 in Canada) and employing around 1,300 people. It is the leading manufacturer of siding products in Canada which it sells thanks to its well-known and trusted brand via its dedicated distribution and strong channel coverage in big box retail, providing unparalleled customer reach across the country and with recycling services of post-consumption materials which can in turn be incorporated into the production process. Leveraging the highly efficient country organization of Saint-Gobain, this acquisition will complement the Group’s leadership in Canada (where Saint-Gobain achieved 2021 sales of around CAD$750 million across gypsum, insulation, ceilings and roofing) allowing it to broaden the light and sustainable construction solutions offered for the benefit of its Canadian customers. It will also allow Saint-Gobain to strengthen and expand its channel coverage and partnerships to reach new customers in the light commercial market.

The acquisition also enables Saint-Gobain to reinforce its activities in siding in the United States and will allow the Group to broaden its offer towards the growing markets of aluminum and engineered wood siding solutions, manufactured using a high degree of recycled materials.

VALUE CREATION & SYNERGIES

A value-creative transaction for Saint-Gobain’s shareholders with significant synergies. This acquisition will create value by year 3 following closing of the transaction. Saint-Gobain will finance the acquisition through cash on its balance sheet. Significant synergy opportunities are estimated at c. US$30 million by year 3 following the closing of the operation, including cost synergies of c. US$23 million which are expected to be captured through the reduction of SG&A, economies of scale in procurement, and manufacturing and logistics cost optimization.

Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented:

“The acquisition of Kaycan is an excellent step for Saint-Gobain and I am very enthusiastic to warmly welcome the Kaycan teams into the Group. Not only does this acquisition allow us to strengthen our presence in siding both in Canada and in the United States, but it also allows us to broaden our offering into the exciting growth areas of aluminum and engineered wood siding, largely made with recycled materials and thus helping to drive the circular economy ecosystem in construction. It is perfectly aligned with the “Grow & Impact” strategy announced at our Capital Markets Day and reinforces our position in North America and as the worldwide leader in light and sustainable construction. It will create significant value for shareholders, enhance the profitable growth outlook of the Group, enrich our solutions for customers and provide attractive development opportunities for the Kaycan and Saint-Gobain teams.”

Lionel Dubrofsky, President of Kaycan, commented:

“Today marks the beginning of an exciting new chapter of Kaycan’s history. Ever since my family founded Kaycan in 1974, our team has been laser-focused on providing the best customer service possible throughout Canada and the United States, all while pushing the boundaries of imagination and innovation to expand our product portfolio over the past decades. Now we have the opportunity to join Saint-Gobain, a renowned leader in light and sustainable construction. We are filled with gratitude for our team’s hard work over the past 48 years, and we’re thrilled to see what comes next for our combined companies.”

The planned acquisition of Kaycan follows several other North American growth investments announced by Saint-Gobain in recent months:

• In May, Saint-Gobain announced a $100 Million expansion of its CertainTeed roofing facility in Peachtree City, Georgia, more than doubling the site’s production capacity while also reducing its carbon dioxide emissions.
• Also in May, the company announced a $28 Million investment in its ADFORS technical textile products facility in Dublin, Georgia, creating 400 jobs over the next two years.
• In April, Saint-Gobain announced it was doubling the manufacturing footprint of its CertainTeed Architectural manufacturing site in Lakewood, Ohio by moving to a new, state-of-the-art location in nearby Strongsville, Ohio.
• Also in April, Saint-Gobain announced a $118 Million expansion of its CertainTeed roofing plant in Oxford, North Carolina, adding an additional 225,000 square feet of manufacturing space to what was already one of the largest roofing shingle manufacturing sites in North America.
• In February, the company invested $32 Million in its CertainTeed insulation manufacturing site in Chowchilla, California, increasing the location’s production capacity by 13% while also reducing its carbon footprint.
• In December, Saint-Gobain announced its intent to purchase construction chemicals manufacturer GCP Applied Technologies for $2.3 Billion.

About CertainTeed

Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”

€44.2 billion in sales in 2021

166,000 employees, located in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.

¹ 2021-2022E = fiscal year starting August 1, 2021 and ending July 31^st, 2022

Contacts

David Rosen

Saint-Gobain Corporate Communications

Media@saint-gobain.com

Nobul recognized for the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them

HOUSTON & TORONTO–(BUSINESS WIRE)–#Nobul–Nobul Technologies (www.nobul.com), a consumer-centric real estate technology company connecting home buyers and sellers to the right real estate agents that meet their needs, is proud to announce today that it has been named the winner of a Gold Stevie® Award in the Mobile Web & App – Real Estate category in The 20th Annual American Business Awards®. The American Business Awards are the United States’ premier business awards program. All organizations operating in the US are eligible to submit nominations. Nobul was honored for its Open Digital Real Estate Marketplace, where buyers and sellers review criteria and data that help them choose the right real estate agent for them, while agents compete for their business in real time. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Florida, Georgia and Texas.

“We’re honored to receive this recognition from the ABA,” said Regan McGee, Founder, Chairman and CEO of Nobul. “It’s further validation that our marketplace is both revolutionary and evolutionary. Consumers have grown accustomed to online marketplaces, price and product comparison tools, and professional and consumer reviews to make purchases. Nobul is the next logical step in this evolution when it comes to real estate.”

Nobul saves home buyers and sellers the hassle of trying to find a real estate agent by providing easy access to verified reviews, track records, transaction history, services offered, and commission rate comparisons, which allows consumers to choose the agent that best fits their needs. The platform also provides prospective buyers with curated property listings.

“We congratulate Nobul on being named a Gold Stevie Award winner,” said Maggie Miller, president of the Stevie Awards. “The Open Digital Real Estate Marketplace addresses a critical need in the real estate space and is an interesting concept that will empower buyers and sellers and increase healthy competition and transparency among agents.”

ABOUT NOBUL

Nobul Technologies (www.nobul.com) is the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them. Nobul’s platform enables buyers and sellers to easily access real estate agents’ transaction histories, pricing, services offered, and genuine reviews from people who have actually used them. The platform brings transparency, choice, accountability and simplicity to the real estate industry through powerful innovative technology supported by real people who truly care. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Texas, Florida, and Georgia. The company has won many prestigious awards including the CNBC Upstart 100 Award and has crossed over $5,000,000,000 (five billion dollars) in completed sales, since its inception. For more information on Nobul, visit www.nobul.com.

Contacts

Nicole Rodrigues

NRPR Group

nicole@nrprgroup.com

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company“) a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that it has been selected by a leading Canadian University, (the “University”) following a competitive process, to provide detailed energy assessments and a carbon reduction roadmap with completion in June, 2022. The University Campus market is new vertical opportunity for the Company as it seeks to expand its energy management and carbon reduction solutions.

“Universities across North America are leading the movement to greater sustainability and net zero emissions,” says Paul Ghezzi, CEO of Kontrol Technologies. “We are pleased to be able to add a new customer and a new market vertical to our expanding platform.”

The University has set a sustainability goal of Net Zero by 2040. In addition to providing energy assessments over 32 buildings and 2.5 million square feet of real estate, across the University campus, Kontrol will provide real-time monitoring under its SmartSite platform in various buildings.

About Kontrol SmartSite

Kontrol SmartSite (“SmartSite”) is a unified technology interface which can communicate with legacy building automation systems. Through a proprietary gateway, SmartSite collects data from existing sensors and equipment, monitors performance and provides real-time adjustments to operate a more efficient building. SmartSite operates as a Cloud based technology and can be integrated with existing building legacy systems. For non-disclosure purposes the name and location of the University remains confidential.

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol 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.sedar.com.

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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future Carbon solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the installation of and energy savings that SmartSite will provide for the University customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future Carbon solutions can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the anticipated timing of the installation of and energy saving relating to the SmartSite will go as planned for the University customer; and that demand will continue for energy management products and for the Company’s products in particular.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company’s product and service offerings as expected and/or that demand for such products and services will not continue; that Kontrol SmartSite will not be replicated in the future and that the Company will not maintain its existing relationships or contracts on the same terms or at all.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
Tel: (905) 766.0400

CALGARY, Alberta–(BUSINESS WIRE)–Zenbase, a leader in flexible rent payments, today announced that it has secured $4.1 million in seed funding led by Global Founders Capital. With this seed round, Zenbase will expand beyond Alberta, Manitoba, and Saskatchewan into Ontario, British Columbia and the Maritimes.

Zenbase enables the most flexible rent payments ever and delivers rent day bliss on the first of the month by allowing residents to split their monthly rent payments. They can pay on a personalized rent payment schedule reducing their financial stress and improving resident satisfaction. Zenbase partners with property management companies to increase on-time rent collections and eliminate operational overhead.

Global Founders Capital (GNC) led the funding with other investors contributing, including Garage Capital and N49P.

Since Zenbase launched, it has saved more than $700 at an annualized rate per resident by having them avoid overdraft and late fees. In addition to the rent product, more than 40% of Zenbase members have also used its fee-free cash advance service to cover utilities, groceries and gas.

Koray Can Oztekin, CEO and Founder of Zenbase, said: “It’s expensive to be poor with late rent payments costing a resident as high as $150 each time. We are leveling the playing field by giving Canadians the flexibility that they need without getting penalized. We pay a resident’s rent in full on the first of the month, eliminating late rent payments for property managers. The resident then has 30 days to complete their rent payments with us and can align them with their paydays if they like. It’s a win:win for the residents and property managers.”

Alexander Mcisaac, Partner, Global Founders Capital, said: “More than 50% of Canadians are living paycheck to paycheck and housing stability is crucial for them to achieve financial health. Zenbase delivers financial solutions to these communities helping tenants save money and increase financial security. Following a nationwide increase in the cost of living and rent hikes, their platform is more needed than ever.”

About Zenbase

Zenbase, a leader in flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the 1st of the month but that doesn’t align with most people’s bi-monthly pay cycle. We’ve fixed that misalignment and provide other financial tools to help level the playing field. Learn more: https://myzenbase.com/

Contacts

Zenbase Press:

Philipp Postehovsky

philipp@myzenbase.com
604-657-2775

 

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Westphalia Dev. Corp. (the “Corporation”) announced today its results for the first quarter ended March 31, 2022. The Corporation was formed in March 2012, for the development of a 310-acre Westphalia property located in Prince George’s County, Maryland, United States.

Development and Sales

The key development and sales activities of the Corporation in the first quarter ending March 31, 2022, were:

• The general business plan for the Westphalia development was updated to incorporate feedback from the Prince George’s County surrounding community, city and state officials as well as potential buyers.

• Major infrastructure development is continuing including roads, storm water and sewer utilities leading into and through the Master Plan using two tax incremental financing (“TIF”) funded projects.

• A planning effort has been initiated aimed at revising the Preliminary Plat and Conceptual Development Plan that will take place throughout the remainder of this year and into 2023, ahead of closing on pending sales transactions with the developer of the proposed last mile distribution buildings.

• The Corporation is engaged in discussions with prospective builders and developers regarding the purchase of fully engineered lots with the goal to adhere to the business plan modification. Final commitments will be deferred until the plan has been advanced through the regulatory process and is closer to approval.

• The Westphalia Town Center re-planning is in process to incorporate more residential units alongside retail space to accommodate growth in the area. A cohesive mixed-use plan for the retail core of the Master Plan is underway to complement the planned industrial space in the westernmost parcels. Engineering plans that require application submittals to regulatory and County agencies will begin in the second quarter 2022.

Financial Results

• The general business plan modification made during the first quarter 2022 included changes to defer additional land sales until after the re-planning is complete; therefore, there was no revenue recognized for the quarter.

• In January 2022, the Corporation secured a US$3.6 million operating expense loan from its lender, WWMN, LLC. After the end of the first quarter 2022, the senior loan, including the January 2022 operating expense advance, was re-negotiated with WWMN, LLC, for an aggregate loan amount of US$44.5 million with interest at 12% and a maturity date of June 30, 2023, with the option to extend an additional year.

• Operating expenses for this quarter remained consistent with Q12021.

The Corporation’s financial statements and management’s discussion and analysis for the first quarter ended March 31, 2022, are available under the Corporation’s SEDAR profile at www.sedar.com.

Additional Information

The Corporation is managed by Walton Global Investments Ltd. (“Walton Global”) and the development of the project is managed by Walton Development & Management (USA), Inc., both of which are members of the Walton group of companies (“Walton”).

Walton Global is a privately-owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning, and development of land. With more than 43 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. The company manages and administers US$3.6 billion in assets on behalf of its global investors located in 73 countries, builders and developers and industry partners. Walton has more than 97,000 acres of land under ownership, management and administration in the United States and Canada with business lines ranging from exit-focused pre-development land investments, land financing programs and build-to-rent. For more information visit walton.com.

This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. Forward-looking information is based on the current expectations, estimates and projections of the Corporation at the time the statements are made. They involve a number of known and unknown risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated. The risks, uncertainties and other factors that could cause the Corporation’s actual results and performance in future periods to differ materially from the forward looking information contained in this news release include, among other things, the development of Westphalia Town Center, general economic and market factors, including interest rates, a decline in the real estate market, changes in government policies and regulations or in tax laws, changes in municipal planning strategies and whether certain development approvals are obtained and changes in the Canadian/U.S. dollar exchange rate, in addition to those factors discussed or referenced in documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.

Except as otherwise noted, all amounts are in Canadian dollars, and are based on unaudited condensed interim consolidated financial statements for the three months ended March 31, 2022, and related notes, prepared in accordance with International Financial Reporting Standards.

Contacts

MEDIA CONTACT:
LAVIDGE

Megan Wahl

480-998-2600

DL-Walton@lavidge.com

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that Choice Properties Limited Partnership (the “Partnership”) has provided holders of its 3.60% series 10 senior unsecured debentures due September 20, 2022 (the “Series 10 Debentures”) with a notice of redemption pursuant to which the Partnership will redeem the entire outstanding principal amount of Series 10 Debentures on June 26, 2022 and has fixed June 24, 2022 as the record date for this redemption. As of the date hereof, there is $300 million aggregate principal amount of Series 10 Debentures outstanding.

On the redemption date, the Series 10 Debentures will be redeemed in accordance with their terms at a redemption price per $1,000 principal amount of the Series 10 Debentures equal to $1,000 plus accrued and unpaid interest to but excluding the redemption date of $9.666, and will thereafter cease to be outstanding.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events. 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 Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ current Annual Information Form and First Quarter 2022 Report to Unitholders. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties Real Estate Investment Trust

t (416) 628-7872

e Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of June, July and August 2022 as per the following schedule:

Month		Record Date		Distribution Date		Distribution Amount
June, 2022		June 30, 2022		July 15, 2022		$0.06875
July, 2022		July 29, 2022		August 15, 2022		$0.06875
August, 2022		August 31, 2022		September 15, 2022		$0.06875

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel:+33 1 5643 3313

khalil.hankach@inovalis.com

MIAMI–(BUSINESS WIRE)–#IndustrialEndMarkets–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire Terra Millennium Corporation (“Terra Millennium” or the “Company”), a leading national provider of outsourced industrial maintenance services, including refractory maintenance and other specialized services, from Court Square Capital Partners. Terra Millennium’s executive team, led by CEO Bryan Young, will continue to lead the Company, and remain as significant shareholders. Executive Chairman Mark Stutzman will continue as a non-executive board member and significant shareholder.

Founded in 1906 and headquartered in Salt Lake City, UT, Terra Millennium provides mission-critical industrial services, including refractory design and maintenance, mechanical services, fireproofing, coatings, insulation, and scaffolding. The Company services a diverse blue-chip customer base across a broad range of industrial end markets, including cement, steel, renewables, chemicals, mining, pulp & paper, and refining. Terra Millennium operates from a network of 33 offices across the country.

“I am proud of Terra Millennium’s success to date. The investment by H.I.G. is recognition of all that the team has accomplished, and we are excited to partner with H.I.G. to support our next phase of growth,” said Mark Stutzman, Executive Chairman of Terra Millennium.

Bryan Young, CEO of Terra Millennium, added “We are well-positioned to continue providing great safety, outstanding quality, and compelling value to each of our customers. In partnership with H.I.G., Terra Millennium will be equipped to continue executing on our growth plans and vision for the Company, including deepening our presence in attractive geographies, expanding our service offering and pursuing add-on acquisitions, while maintaining the strong culture that we have developed over the past century.”

“We are very excited to partner with Bryan, Mark, and the Terra Millennium team,” said Matt Gullen, Managing Director at H.I.G. Capital. “There are tremendous opportunities ahead for the Company given its long track record of providing high-quality, reliable service which is enabled by its highly-skilled, national workforce, and best-in-class leadership team. The Company has established itself as a leader in the industry, and we look forward to working with Terra Millennium to build upon their success and support continued growth initiatives.”

The transaction is expected to close in Q2 2022 and is subject to customary closing conditions.

Macquarie Capital and Stifel acted as financial advisors and provided committed financing, and McDermott Will & Emery LLP provided legal advice, to H.I.G. Capital. Harris Williams and Evercore acted as financial advisors, and Dechert LLP acted as legal counsel, to the Company on the transaction.

About Terra Millennium

Terra Millennium Corporation (“Terra Millennium” or the “Company”) is a leading provider of outsourced industrial maintenance services, including refractory design and maintenance, fireproofing, insulation, coatings, scaffolding and mechanical services. Founded in 1906 and headquartered in Salt Lake City, Utah, Terra Millennium is the parent company to seven entities (i) JTTHORPE, (ii) JTTHORPE International, (iii) K&G Industrial, (iv) Southern Refractories, Inc., (v) Brahma Group, (vi) Liberty Industrial Group, and (vii) Rocky Mountain Industrial Construction Services. Terra Millennium operates from a network of 33 offices across the United States.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $49 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Matt Gullen

Managing Director

mgullen@higcapital.com

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 Industrial Real Estate Investment Trust (TSX: DIR.UN) (the “Trust” or the “REIT”) announced an update on its sustainability initiatives that are currently underway across its portfolio.

Net Zero Strategy

The Trust continues to progress towards its goal of achieving net zero on Scope 1 and 2 emissions by 2035 and select scope 3 emissions by 2050, in alignment with science-based targets outlined in the Paris Agreement. In 2021, the Trust became official supporters of the Taskforce on Climate-related Financial Disclosures (“TCFD”), which provides guidance and recommendations on climate-related risk and opportunity disclosures and committed to the United Nations Principles for Responsible Investment (“UNPRI”) and the Net Zero Asset Managers (“NZAM”) initiative. Recently, the Trust published its Net Zero Action Plan (link), which outlines the proposed strategy and course of action to achieve net zero within the targeted timeline.

In alignment with its net zero target, the Trust is finalizing development plans for its inaugural net zero redevelopment expected to commence later in 2022. The Trust intends to redevelop a cluster of three buildings on a 10-acre site located in the Great Toronto Area (“GTA”), in close proximity to Highways 401 and 410, into a 209,000 square foot best-in-class facility with construction completion expected in 2023. The Trust expects the new facility to be designed to include energy efficient roof insulation, heating and ventilation equipment, as well as a reinforced roof to support solar panels on up to 70% of the roof area. The building is expected to receive Canada Green Building Council’s (“CaGBC”) Zero Carbon Building Standard certification upon completion.

Net zero redevelopment – GTA, Canada

(See Figure 1)

Green Lease Program

The Trust has established and executed a green lease program that includes commitments to tenant energy disclosures, low carbon construction practices, the purchase of on-site renewable energy (if available), and tenant energy efficiency engagement and training, and cost recovery clauses for energy efficiency upgrades.

Recently, the Trust achieved Gold Level recognition by the Green Lease Leaders (“GLL”) program during the Better Buildings, Better Plants Summit, by the Institute for Market Transformation (“IMT”) and the U.S. Department of Energy’s (“DOE”) Better Buildings Alliance.

“We are pleased to be recognized by GLL for our significant efforts in driving sustainability initiatives across our portfolio,” said Alexander Sannikov, Chief Operating Officer of Dream Industrial REIT. “We continue to incorporate sustainability into our investment decision-making, which allows us to further enhance the quality of our portfolio and business. Our solar panel installation program is well underway with several projects already online or expected to come online in the coming months. Our growing development program is expected to significantly enhance the sustainability profile of our portfolio.“

Renewable Energy

The scope and scale of the Trust’s renewable energy program continues to gain momentum, and the Trust has commenced the construction on several projects across its portfolio.

• In Canada, the Trust is currently executing on seven projects that will add over 6,000 panels generating over 2.6 MW of renewable energy;
• In Europe, the Trust is currently underway on six projects that will add 15,400 solar panels generating over 7.0 MW of renewable energy; and
• The Trust is currently in the advanced stages of evaluating the feasibility of eleven additional projects that could add an additional 35,000 solar panels.

Pro forma these projects, the Trust will have over 75,000 solar panels encompassing over five million square feet of gross leasable area (“GLA”) across its portfolio.

Overall, the Trust expects its capital investment for the 13 projects currently underway to total approximately $11 million with a forecast unlevered yield on cost of over 8.7%. During Q1-2022, the Trust’s first solar installation project in Alberta achieved substantial completion and the tenant is now using solar-generated power to operate the building. The Trust is currently in the process of obtaining a LEED certification on the building.

Solar panel array in Canada and the Netherlands

(See Figure 2 and Figure 3)

Below, the Trust has provided an update on other sustainability initiatives across its portfolio.

Green Buildings

The Trust’s criteria for new investments includes acquiring assets that are more energy-efficient than the average stock in their respective markets. To date, the Trust has invested over $220 million to acquire buildings that are Green-certified (BREEAM, LEED, DGNB). Moreover, the Trust has acquired $73 million of assets in Europe that carry an Energy Performance Certificate (“EPC”) Label B or higher.

Sustainable buildings – Green certified

(See Figure 4 and Figure 5)

In addition, several assets in the Trust’s portfolio are already built to green standards and it is currently in the process of obtaining green certifications on these assets. In 2021, the Trust acquired a 159,000 square foot modern distribution facility in the Netherlands. The asset carries an A++ EPC Label with significant energy efficiency characteristics such as rooftop solar panels, LED lighting with motion sensors and water efficient washroom fixtures. In addition, the building offers secure bicycle parking, electric vehicle (“EV”) charging stations and natural daylight for the building occupants. The Trust is in the process of obtaining a BREEAM Very Good certification on the asset.

Overall, the Trust is in the process of acquiring Green certifications on seven existing assets as well as seven ongoing developments and expansions across Canada and Europe spanning 2.5 million square feet.

Sustainable building with green certification in progress

(See Figure 6)

Furthermore, the Trust has a target of obtaining green-building certifications on all new developments commencing in 2022. Consequently, as the Trust executes on its development strategy, there is a significant opportunity for the Trust to enhance its portfolio quality as well as the sustainability profile of its overall portfolio.

The Trust is currently underway on a 242,000 square foot expansion at its property in Dresden, Germany, where the Trust is building a freestanding building on excess land at the site. The Trust is expected to achieve a German DGNB Gold certification on the development with the new building designed with the ability to install solar panels in the future.

Sustainable development – Dresden, Germany

(See Figure 7)

Energy Efficiency

The Trust is currently underway on several initiatives to improve energy efficiency across its existing portfolio. The Trust is focused on transitioning the interior and exterior lighting across its portfolio to LED lighting which provides more illumination while requiring substantially less energy than conventional lighting. Since the beginning of 2021, the Trust has upgraded 1.2 million square feet of LED lighting and will continue looking for opportunities to further enhance energy efficiency across its portfolio.

Tenant engagement initiatives

With the vast majority of emissions for industrial buildings coming from tenant-controlled sources, the Trust continues to actively work with its tenants to benchmark tenant sustainability priorities and goals, identify priority initiatives and assets for sustainability investments, and provide insight into opportunities to broker new sustainability-related partnerships, as it progresses towards reducing the carbon footprint within its portfolio. The Trust conducts quarterly tenant surveys on a rotational basis. The survey results provide significant insight into tenant interest in initiatives including renewable energy, LED lighting, green building certifications and EV charging stations, and inform the prioritization of property-specific sustainability initiatives.

Green financing update

With significant capital being invested towards sustainability investments and initiatives, the Trust continues to access green financing as a source of capital to fund these projects. To date, the Trust has issued $850 million of green bonds. In 2021, the Trust deployed $295 million towards eligible green projects and identified $250 million in additional eligible green projects, with a further $300 million of projects in feasibility or preliminary stages. On April 14, 2022, the Trust published its inaugural annual Green Bonds Use of Proceeds report, which can be found on the Trust’s website here.

About Dream Industrial Real Estate Investment Trust

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 244 industrial assets (358 buildings) comprising approximately 44.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.

Forward Looking Information

This press release contains forward-looking information within the meaning of applicable securities legislation, including statements regarding the Trust’s plan to achieve net zero on scope 1 and 2 emissions by 2035 and select scope 3 emissions by 2050; the Trust’s intention to report its progress on achieving net zero greenhouse gas emissions annually; the Trust’s support and commitment in respect of certain initiatives, including with respect to sustainability and financial disclosure; the Trust’s development and redevelopment plans, including in respect of achieving net zero emissions for certain projects, implementing energy efficiency features and other upgrades that improve building sustainability, square footage, and completion dates; the Trust’s ability to fulfill its commitments under its green lease program; the enhancement of the Trust’s portfolio quality and sustainability, including by incorporating sustainability into investment decision-making and implementing certain retrofits and upgrades; the Trust’s plans to install solar panels at certain of its projects, including GLA covered, number of panels to be installed, investment costs, and energy output and unlevered yield to result from such panels; the Trust’s plans to achieve certain green building certifications; expectations regarding the Trust’s engagement with tenants on sustainability matters; and the Trust’s capacity to continue accessing green financing options to fund sustainability investments and initiatives. Forward-looking information generally can be identified by the use of forward-looking terminology such as “objective”, “will”, “expect”, “intend”, “believe”, “should”, “plans”, “allow” or “continue”, or similar expressions suggesting future outcomes or events. 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, general and local economic and business conditions; employment levels; mortgage and interest rates and regulations; uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; geopolitical events, including disputes between nations, war and international sanctions; the financial condition of tenants; leasing risks; rental rates and the strength of rental rate growth on future leasing; and interest and currency rate fluctuations. The Trust’s objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, rising replacement costs in the Trust’s operating markets remain steady, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this press release speaks as of the date of this press release. 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 contained in the Trust’s filings with securities regulators, including its latest annual information form and management discussion and analysis. These filings are also available at the Trust’s website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
Chief Operating Officer

(416) 365-4106

asannikov@dream.ca