Buy-now-pay-later facility will make it even easier for Canadians to access insurance online.

TORONTO–(BUSINESS WIRE)–APOLLO, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce the creation and launch of FinShore, a wholly owned buy-now-pay-later subsidiary. FinShore provides a fully embedded monthly payment option to over 100,000 Canadians insured with APOLLO.

The financing for the new company was provided by Fair Capital Partners Inc. (“FairCap”) as lead arranger and agent and Innovation Federal Credit Union (“IFCU”) as lender. PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory (“PwC CF”) acted as exclusive financial advisor to APOLLO and FinShore.

FinShore will allow Canadians, and particularly renters, to take advantage of a buy-now-pay-later facility for their insurance premiums. It will also support APOLLO’s cohort of insurance broker partners who use the APOLLO platform to transact insurance business on behalf of their clients.

“Establishing FinShore is an innovative step forward for APOLLO, and will do much to make the lives of Canadian renters easier,” said APOLLO CEO Jeff McCann. “In this economic climate, particularly with the rise of renting across Canada, consumers are looking for flexibility in their payment options. Thanks to our partners at FairCap, IFCU, and PwC CF, we are able to offer that to them.”

APOLLO’s digital platform launched in 2019, and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with property management companies, proptechs, insurance brokers, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing workflow. Some of APOLLO’s partners include QuadReal, InterRent, and Yardi Systems.

“Both FairCap and IFCU are excited about this opportunity, and look forward to building a long-term relationship with APOLLO and FinShore,” said Daniel Nanson, FairCap CEO. “This venture aligns well with our mission to empower the North American lower middle market with fair, intelligent capital solutions.”

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information, visit: https://apollocover.com/

About FairCap

FairCap is a leading alternative investment firm and bespoke solutions provider, focused on private debt solutions for the lower-to-middle market in North America.

FairCap was founded by a diverse team of investment professionals who have spun-off from a large global corporate and investment bank, and small boutique debt advisory firm. The team has a long track record of successfully creating value in the middle market by adhering to a core set of investment principles. For more information, visit: https://www.faircap.co/

About PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory

PwC CF advises on all stages of the debt financing life cycle, helping borrowers evaluate debt and equity alternatives to achieve the best financing solutions. For more information, visit: https://www.pwc.com/ca/en/services/deals/corporate-finance.html/

Contacts

For media inquiries, please contact:
David Dyck, Chief Marketing Officer

APOLLO

Email: david@apollocover.com
LinkedIn: APOLLO Insurance

Branches in Attleboro, MA and Mississauga, ON now open to support building and roofing contractors

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened new locations in Attleboro, Massachusetts and Mississauga, Ontario, Canada to increase service to residential and commercial roofing contractors.

The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets. “We have been serving contractors in New England since our founding nearly 100 years ago. Adding this location brings better service to the local market where our commitment to customer success is well known. Contractors will appreciate connecting to our industry-leading Beacon PRO+ app for online ordering, delivery tracking and our loyalty program,” said Gerard Hill, Beacon’s Regional Vice President, New England.

The new branch in Mississauga, Ontario will serve the Greater Toronto Area (GTA). “We are excited to add more access for our customers who are very busy supporting record population growth in the GTA. Our new branch has a strong catalog of both residential and commercial roofing products as well as complementary products such as waterproofing and insulation. This team’s knowledge and service commitment will help contractors save time and grow their businesses,” commented Charles Michaud, Beacon’s Regional Vice President, Canada.

Beacon has opened seven new locations, completed four acquisitions that added 23 branches year-to-date in 2024. Footprint expansion is an important element of our Ambition 2025 plan. We continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and is advancing on achievement of its full plan.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly-traded specialty distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 550 branches throughout all 50 states in the U.S. and 7 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

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

TORONTO–(BUSINESS WIRE)–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series U senior unsecured debentures of the Trust bearing interest at a rate of 5.030% per annum and maturing on February 28, 2031 (the “Debentures”).

The Trust intends to use the net proceeds of the Offering, together with other available funds, to repay upon maturity its outstanding $550 million aggregate principal amount of 3.556% series K senior unsecured debentures due September 9, 2024.

Morningstar DBRS has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.

The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.sedarplus.ca.

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, including the intended use of proceeds of the Offering. 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’ 2023 Annual Report and current Annual Information Form. 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 REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

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

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $300 million principal amount of Series AK senior unsecured debentures (the “Debentures”).

The Debentures will be sold at a price of $99.973 per $100 principal amount, carry a coupon of 5.455% per annum and mature on March 1, 2031. The net proceeds of this offering will be used by the Trust to repay existing indebtedness at maturity.

The Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, Scotia Capital and Desjardins Securities. Subject to customary closing conditions, the offering is expected to close on May 31, 2024.

It is a condition of closing that Morningstar DBRS assign a rating of at least BBB with a stable trend and S&P Global Ratings assign a rating of at least BBB for the Debentures.

The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to RioCan’s trust indenture dated March 8, 2005, as supplemented. The Debentures will rank equally with all other senior unsecured indebtedness of the Trust.

The Debentures being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2024, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and nine development properties. To learn more about us, please visit www.riocan.com.

Forward Looking Information

This News Release contains forward-looking information within the meaning of applicable Canadian securities laws. This information reflects RioCan’s objectives, our strategies to achieve those objectives, as well as statements with respect to management’s beliefs, estimates and intentions concerning anticipated future events or expectations that are not historical facts. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. All forward-looking information in this News Release is qualified by these cautionary statements.

Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described in the “Risks and Uncertainties” section in RioCan’s MD&A for the period ended March 31, 2024 and in our most recent Annual Information Form, which could cause actual events or results to differ materially from the forward-looking information contained in this News Release.

Although the forward-looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with this forward-looking information.

The forward-looking statements contained in this News Release are made as of the date hereof, and should not be relied upon as representing RioCan’s views as of any date subsequent to the date of this News Release. Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Contacts

Dennis Blasutti

Chief Financial Officer

RioCan REIT

(416) 866-3033

Real Luxury will serve the specialized needs of the growing number of luxury agents aligning with Real

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–In response to the growing number of luxury real estate agents and teams joining the company, The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced the launch of Real Luxury. The dedicated division will focus on the specialized and unique needs of luxury real estate agents and the exclusive clients they serve while leveraging the company’s proprietary technology and entrepreneur-centric model.

“We continue to see an influx of top-performing agents and teams throughout North America who believe that Real offers the best platform to grow their businesses,” Real President Sharran Srivatsaa said. “By establishing Real Luxury, we will be able to offer our agents who have built successful luxury practices the specialized support, training and resources they need to expand their capabilities and take their business to the next level.”

Kofi Nartey, a 20-year luxury real estate veteran, who has earned the reputation as the go-to real estate broker for celebrities, athletes and luxury home owners around the world, will serve as the Executive Director of Real Luxury. Nartey, who also serves as Real’s national growth leader, brought his Los Angeles-based luxury brokerage Globl Red Real Estate and Development that serves luxury clients in Los Angeles, Orange County and Las Vegas, as well as developers worldwide, to the company in 2023.

Real Luxury members will have access to partner networks consisting of more than 100,000 luxury agents across the globe, an expanded referral network, training sessions and specialized continuing education programs, exclusive members-only events and conferences and a wide range of discounts on additional products and services ranging from advertising in Mansion Global and The Wall Street Journal to luxury market reports and custom property websites. As part of this commitment to differentiate Real in the luxury arena, Real Luxury agents are expected to earn the Institute for Luxury Home Marketing’s prestigious Certified Luxury Home Marketing Specialist (CLHMS™) designation prior to becoming an official division member.

By establishing the highest standards for membership in the industry, Real Luxury members will stand out as some of the world’s most elite agents. Members will benefit from CLHMS™ designations, customized marketing accessible via a dedicated member portal, continuing education through dedicated masterminds and roundtable discussions covering the latest industry trends, global listing syndication in multiple languages, access to business and analytical tools giving agents a competitive edge in the marketplace and listing syndication across top luxury platforms and publications throughout North America.

In addition to Nartey, Real Luxury’s founding members include: Jill Batchelor, who brings two decades of experience and consistently ranks among the top agents in Las Vegas; Felicia Lewis, a San Diego-based luxury agent who has built a reputation for unparalleled client experience and expert negotiation skills; Peter Luu, who in addition to setting luxury sales records in the Orlando market is a frequent coach and speaker; Brad McCallum, one of Calgary’s top luxury agents who is known internationally as a brand and video marketing thought leader; Salvatore Ventre, one of the New Jersey Shore’s leading luxury real estate brokers; and Erica Wolfe, a top luxury Realtor who partners with a team of experts to deliver innovative marketing on behalf of her South Florida clients.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 18,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding the success of Real’s programs that are available to agents and Real’s ability to continue to attract agents.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, the success of Real’s programs, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221