TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”), announced today that, at its special meeting (the “Meeting”) of unitholders of the Trust (“Unitholders”) held earlier today, Unitholders approved the resolution (the “Amendments Resolution”) approving amendments to the terms of the Trust’s outstanding 5.50% convertible unsecured subordinated debentures due 2026 (the “Debentures”) to change the conversion price of such debentures from $31.02 per unit to $2.75 per unit and to make such other consequential amendments as are required to give effect to such change, as described in more detail in the Trust’s management information circular dated October 20, 2025 (the “Circular”).
At the Meeting, the Amendments Resolution required approval by at least a simple majority of the votes cast by the Unitholders present in person or represented by proxy and entitled to vote at the Meeting.
A total of 8,183,043 units of the Trust were represented in person or by proxy at the Meeting. The Amendments Resolution was approved by approximately 95.07% of the votes cast by the Unitholders present in person or represented by proxy and entitled to vote at the Meeting (rather than 44.43% as previously announced). Details of the voting results will be filed under the Trust’s profile at www.sedarplus.com and available on the Trust’s website at www.dreamimpacttrust.ca.
The Trust will enter into an amended and restated trust indenture with respect to the Debentures in order to implement the amendments described in the Circular, including the change to the conversion price of the Debentures referred to above. The amendments are expected to be implemented in the fourth quarter of 2025, with the increase to the interest rate of the Debentures from 5.50% to 6.50% commencing for the period beginning on or about January 31, 2026.
About Dream Impact Trust
Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
Derrick Lau
Chief Financial Officer
(416) 365-2364
[email protected]
Kim Lefever
Director, Investor Relations
(416) 365-6339
[email protected]
