CAPREIT Renews At-The-Market Equity Program

Core Viewpoint - CAPREIT has renewed its at-the-market equity program, allowing the issuance of Trust Units up to an aggregate sale price of $300 million, providing additional financing flexibility for future investments and general business purposes [1][2]. Group 1: ATM Program Details - The ATM Program enables CAPREIT to issue Trust Units at its discretion, with sales occurring at the prevailing market price on the Toronto Stock Exchange or other permitted marketplaces [1][2]. - The program will be effective until June 15, 2027, unless terminated earlier by CAPREIT or in accordance with the terms of the Equity Distribution Agreement with TD Securities Inc. [3]. - The program is established under a prospectus supplement and a short form base shelf prospectus, both filed with Canadian securities regulatory authorities [4]. Group 2: Financial Implications - CAPREIT intends to use the net proceeds from the ATM Program for future investments, repayment of indebtedness, and general business purposes [2]. - The previous ATM program, which started on February 22, 2024, has ceased with the establishment of the renewed program [4]. Group 3: Company Overview - CAPREIT is Canada's largest publicly traded provider of quality rental housing, owning approximately 46,800 residential apartment suites and townhomes with a total fair value of approximately $14.9 billion as of March 31, 2025 [7].