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]

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].

Core Points - Firm Capital Mortgage Investment Corporation announced the partial exercise of the over-allotment option for its offering of 5.50% convertible unsecured subordinated debentures, resulting in an additional $3,150,000 issued, bringing the total to $28,150,000 [1][2] - The underwriting syndicate for the debenture offering was led by CIBC Capital Markets and TD Securities Inc., along with several other financial institutions [2] - The net proceeds from the over-allotment option will be utilized to repay existing indebtedness [2] Company Overview - Firm Capital Mortgage Investment Corporation is an investor in mortgages through its mortgage banker, Firm Capital Corporation, which provides various financing options including residential and commercial real estate financing [5] - The Corporation's investment objective focuses on preserving shareholders' equity while providing a stable stream of monthly dividends from investments in niche markets underserved by larger lending institutions [5] - The Corporation has been operational since October 1999 and aims to develop a diversified mortgage portfolio to ensure stable returns for shareholders [5]

Core Viewpoint - Firm Capital Mortgage Investment Corporation has successfully closed a public offering of $25 million in convertible unsecured subordinated debentures, with potential total proceeds of $28.75 million if the over-allotment option is fully exercised [1][2]. Offering Details - The offering consists of 5.50% convertible unsecured subordinated debentures due December 31, 2032, with interest payable semi-annually starting December 31, 2025 [1][3]. - The debentures are convertible into common shares at a price of $14.06 per share, subject to adjustments [3]. - The underwriters have an over-allotment option for an additional $3.75 million in debentures, exercisable within 30 days of closing [1]. Redemption and Conversion - The debentures are not redeemable before December 31, 2028, and can be redeemed at the Corporation's option under specific conditions starting December 31, 2028 [4]. - The Corporation has the right to repay the principal amount through the issuance of shares and can also pay interest in shares [6]. Corporate Profile - Firm Capital Mortgage Investment Corporation operates as a non-bank lender, providing short-term bridge and conventional real estate financing [9]. - The Corporation aims to preserve shareholders' equity while providing stable monthly dividends through investments in niche markets underserved by larger institutions [10].

Core Viewpoint - Firm Capital Mortgage Investment Corporation has announced a bought deal offering of $20 million in 5.50% convertible unsecured subordinated debentures, with potential total proceeds of $23 million if the over-allotment option is fully exercised [1][2]. Group 1: Offering Details - The offering consists of $20 million aggregate principal amount of debentures priced at $1,000 each, with an over-allotment option for an additional $3 million [1]. - The expected closing date for the offering is around October 14, 2025, pending necessary regulatory approvals [2]. - The debentures will bear interest at a rate of 5.50% per annum, payable semi-annually, and will mature on December 31, 2032 [3]. Group 2: Conversion and Redemption - Holders of the debentures can convert them into common shares at a conversion price of $14.06 per share before the maturity date [3]. - The debentures are not redeemable before December 31, 2028, and can be redeemed at the Corporation's option under specific conditions thereafter [4]. - The Corporation has the right to repay the principal amount of the debentures through the issuance of shares upon maturity or redemption [6]. Group 3: Corporate Structure and Purpose - The debentures will be direct, unsecured obligations of the Corporation, subordinated to senior indebtedness [5]. - The net proceeds from the offering will be utilized for debt repayment and general corporate purposes [2]. - Firm Capital Mortgage Investment Corporation operates as a non-bank lender, focusing on residential and commercial short-term financing [11].