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 provided a business update.

We are pleased to report that year to date in 2023, the Trust has closed on two significant refinancings which have provided additional liquidity for the Trust to fund its ongoing capital commitments.

On January 31, 2023, the Trust closed on the refinancing of 49 Ontario St. for gross proceeds of $80 million, generating excess cash of approximately $30 million. Since acquiring the site and adjacent land assembly, the value of this asset has increased by $93 million. The Trust owns 100% of 49 Ontario St. and we anticipate achieving over 800,000 square feet (“sf”) of density through rezoning this year.

Victory Silos is a 5.2-acre site located along downtown Toronto’s waterfront and immediately adjacent to the Trust’s Quayside development site. The Trust has a 37.5% interest in the asset which was originally acquired in 2016. Due to the increase in land value since acquisition we were able to re-finance the in-place loan from $35 million to $150 million, covering capital requirements for Quayside and generating excess cash of $22 million for the Trust.

We are making steady progress on our development pipeline as we look to complete an additional $500 million in high-quality income generating assets over the next three-year period. Our next completed asset, West Don Lands Block 8, will add a further 770 multi-family rental units to the Trust’s portfolio (at 100% asset level) this year as we welcome our first tenants to the West Don Lands neighborhood.

As it relates to select assets outside of the GTA, we are extremely pleased to see strong leasing activity at Aalto Suites, our first rental building at Zibi. Aalto Suites is a 162-unit multi-family property located in Gatineau, Quebec on the shore of the Ottawa River. The property is currently 93% leased, ahead of our stabilization target, at rents in line with budget. Within its current development pipeline, the Trust has two additional multi-family rental buildings (Block 206 and Block 11) comprising 355 units currently under construction. We intend to build off of our leasing momentum with Aalto Suites, with first tenant occupancies for Block 206 and Block 11 anticipated in late 2023.

Since 2019, to assist the Trust with liquidity preservation, Dream Unlimited Corp. has settled its asset management fee in units of the Trust in lieu of cash, calculated based on the Trust’s most recently published net asset value figure. As of March 8, 2023, Dream Unlimited Corp. has a 32% ownership stake in Dream Impact, inclusive of units acquired in the open market, units received as settlement of asset management fees, units earned as part of the Trust’s distribution reinvestment plan, and interests held by the Trust’s Portfolio Manager, demonstrating strong sponsorship support and alignment with the Trust’s defined impact strategy.

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 investment holdings, 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”, “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 objectives and strategies to achieve those objectives; the Trust’s plans and proposals for current and future development and redevelopment projects, including construction timing, rezoning, completion and occupancy dates, number of units, density, square footage and planned GLA; the capital requirements for our Quayside development; and our development pipeline, including size and timing of future completions. 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; the impact of the novel coronavirus (COVID-19 and variants thereof) pandemic on the Trust; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, and international sanctions; inflation; 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 development and investment holdings; 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; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; the gradual recovery and growth of the general economy continues over 2023; 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; our expectations regarding the impact of the COVID-19 pandemic and government measures to contain it; our expectation regarding ongoing remote working arrangements; and competition for and availability of acquisitions remains consistent with the current climate.

All forward-looking information in this press release speaks as of March 9, 2023. 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.sedar.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

Meaghan Peloso
Chief Financial Officer

416 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

416 365-6339

klefever@dream.ca

BELLINGHAM, Wash.–(BUSINESS WIRE)–#CFO–Silfab Solar Inc., a North American leader in photo-voltaic (PV) module manufacturing, today announced a second investment round led by ARC Financial Corp. (“ARC”) to help fund Silfab’s next expansion of made-in-America manufacturing to include domestic PV cell and module production at a third facility to open in the United States.

The $125 million investment from ARC’s Energy Fund 9 includes co-investments by Manulife Financial Corporation, Ontario Power Generation Inc. Pension Plan, CF Private Equity and BDC Capital’s Cleantech Practice. ARC is one of North America’s most established energy-focused private equity fund managers. The latest investment reflects ARC’s continued confidence in Silfab’s ability to meet increasing demand for high-quality PV modules through a sustainable growth strategy guided by Silfab’s leadership team and built upon 40 years of experience in the solar industry.

“Silfab is ideally situated to meet North America’s growing appetite for domestically manufactured cutting-edge solar products. ARC remains confident that Silfab will be a driver in clean tech manufacturing and U.S. engineered product innovation. Silfab continues to implement an impressive growth plan built around its unwavering commitment to manufacture high-quality products and its decades of innovation and experience,” said Brian Boulanger, CEO of ARC.

Silfab’s third U.S. solar manufacturing facility is anticipated to be fully operational in 2024 with an initial annual capability of 1 gigawatt cell production and an additional 1.2 gigawatts of PV solar module assembly. Investing in U.S.-made solar cells is a critical component in a clean supply chain to support the manufacturing of solar panels for North American customers. The new facility is expected to generate more than 800 new U.S. jobs. Other details of the new facility, including location, will be announced at a future date.

“Domestic production of solar cells represents a strategic effort to further manage our supply chain and to apply our technical prowess from the ground up for a comprehensive manufacturing process,” said Paolo Maccario, Silfab’s Chief Executive Officer. “Silfab has grown more than 40 percent since ARC’s initial support. We are thankful for our collaborative relationship with ARC and with the Biden administration and its Inflation Reduction Act, both enabling us to accelerate our U.S. manufacturing strategy. Our growth means more solar jobs for America and reliable energy that customers will use to reduce both costs and their carbon footprint.”

With manufacturing facilities across North America to serve the expanding U.S. market, Silfab utilizes best-in-class automation for ultra-high efficiency module production, leverages partnerships for next-generation technology applications, and offers industry-leading warranties for residential and commercial performance.

ARC’s first investment, announced in September 2021, enabled Silfab to make further enhancements to production lines at existing Washington facilities in order to deploy next-generation PV modules to North American consumer, business, and institutional markets.

Backed by some of the best warranties in the industry, Silfab manufactures among the most durable, reliable and powerful solar PV modules for the North American residential and commercial markets. Silfab has recorded more than a dozen expansions of production capacity, most recently with state-of-the-art PV module assembly plants in the state of Washington.

To read about Silfab’s full product line, visit www.silfabsolar.com.

About Silfab Solar

Silfab Solar is the North American leader in the design, development and manufacture of ultra-high-efficiency, premium quality PV modules. Silfab leverages 40 years of solar experience and best-in-class technologies to produce the highest-rated solar modules from facilities in the state of Washington and Toronto, Canada. Each facility features multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing to deliver Buy American approved PV modules specifically designed for and dedicated to the North American market. www.silfabsolar.com

About ARC Financial Corp.

Founded in 1989, ARC Financial Corp. is committed to building high-performing businesses that address the world’s energy and sustainability needs. To date, ARC has raised $6 billion across nine energy-focused funds since the launch of its private equity business in 1997, having invested capital in more than 180 companies across the energy landscape. ARC has a diverse team of investment professionals with deep domain and capital markets experience and expertise across the energy spectrum. The ARC Energy Research Institute supports its investment strategies, proactively identifying key trends, and building relationships with entrepreneurs, industry leaders, and government. www.arcfinancial.com

Contacts

Media Contact for Silfab Solar:

Geoff Atkins

Email: g.atkins@silfabsolar.com
Tel: +1-905-255-2501 Ext. 737

www.silfabsolar.com

Opens Nominations for 2023 North American Female Roofing Professional of the Year

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025–In honor of International Women’s Day, Beacon (Nasdaq: BECN) announced today the launch of its third annual North American Female Roofing Professional of the Year campaign recognizing the impact of women in the roofing industry across the U.S. and Canada. Beacon encourages you to nominate a female roofing professional who has demonstrated excellence, a commitment to putting people first, making every day safer, doing the right thing, and building for her customers, her co-workers, and her community.

Nominations are welcome now through April 10 by visiting the campaign website. Five finalists will be announced in May, and members of the public will have an opportunity to vote for their favorite finalists. Beacon will announce the winner and runners-up in June. The five winners will receive prize money to support further professional development such as attending the International Roofing Expo.

“Women are an essential part of the roofing industry, and continue to deliver excellent customer service, innovation and dedication to core values in the varied roles they serve in the roofing industry,” said Christine Reddy, Beacon’s Executive Vice President & General Counsel. “Beacon recognizes the importance of women in our industry, and this campaign was created to spotlight their significant contributions. We hope that you take a moment to nominate a woman in roofing, so that we can share their inspiring stories of values-based leadership.”

Last year’s winner, Michelle Mulder, is the owner of Nailed It Roofing in North Bay, Ontario, Canada. Her passion for roofing inspired her to start Nailed It Roofing in 2015, which has been one of the top roofing companies in North Bay for the past seven years.

“I was thrilled to be recognized by Beacon, my local community and my colleagues with this award,” said Mulder. “I applaud Beacon for empowering women in the roofing industry. I hope my story and the others that Beacon has shared inspire others to pursue a position in the industry.”

From March 8 through April 10, the public can nominate a female roofing professional on the campaign website or by submitting an e-mail to FemaleRoofingContest@becn.com. Nominations must include why the nominee should be named the Female Roofing Professional of the Year as well as a short biography and photo.

To learn more about the contest and read the official rules, visit https://go.becn.com/femaleroofpro/rules.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 480 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

Contacts

INVESTOR CONTACT
Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA CONTACT
Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048