Dream Impact Trust Announces Voting Results of Special Meeting of Unitholders
Businesswire·2025-11-27 20:48

Core Points - Dream Impact Trust announced the approval of amendments to its 5.50% convertible unsecured subordinated debentures, changing the conversion price from $31.02 per unit to $2.75 per unit [1][4] - The amendments resolution was approved by approximately 44.43% of the votes cast by unitholders present at the special meeting [3] - The Trust plans to implement these amendments in the fourth quarter of 2025, which includes an increase in the interest rate of the debentures from 5.50% to 6.50% starting January 31, 2026 [4] Voting Results - A total of 8,183,043 units of the Trust were represented at the meeting, either in person or by proxy [3] - The amendments resolution required a simple majority for approval, which was achieved with the votes cast [2] Company Overview - Dream Impact Trust is an open-ended trust focused on impact investing, with a portfolio of real estate assets managed by an experienced team [5] - The Trust aims to create positive impacts through its focus on environmental sustainability, affordable housing, and inclusive communities [5]