Dream Impact Announces Mailing of Management Information Circular in Connection With Special Meeting of Unitholders to Approve Amendments to the Terms of Its 5.50% Convertible Unsecured Subordinated Debentures

Core Viewpoint - Dream Impact Trust is seeking approval from unitholders for amendments to its 5.50% convertible unsecured subordinated debentures, including a significant change in the conversion price and an extension of the maturity date [2][3][4]. Summary by Sections Meeting Details - A special meeting for unitholders is scheduled for November 27, 2025, at 2:00 p.m. in Toronto, with unitholders of record as of October 17, 2025, eligible to vote [2][5]. Amendments to Debentures - The Trust has $30 million in outstanding debentures and proposes to amend the conversion price from $31.02 to $2.75 per unit, reflecting a 59% premium to the closing price on October 17, 2025, and a 62% premium to the price on September 17, 2025 [3][4]. - The maturity date of the debentures will be extended by five years to July 31, 2031, and the interest rate will increase from 5.50% to 6.50% [4][6]. Unitholder Approval - Approval of the conversion price amendment requires a simple majority of votes cast at the meeting, with a subsidiary of Dream Unlimited Corp. holding 37% of the Trust's units agreeing to vote in favor [5][6]. - The amendments also require consent from holders of at least 66% of the principal amount of the outstanding debentures, which is anticipated to be obtained [6]. Company Background - Dream Impact Trust focuses on impact investing, with a portfolio of real estate assets aimed at creating positive impacts in areas such as environmental sustainability, affordable housing, and inclusive communities [9].