Core Viewpoint - AIP Realty Trust has successfully completed the second tranche of a non-brokered private placement, issuing 2,584,000 Preferred Units for gross proceeds of US$1,292,000, with plans for a total issuance of up to 14,000,000 Preferred Units for up to US$7,000,000 in total proceeds [1]. Financing Details - The first tranche of the Financing closed on October 29, 2025, with 7,260,000 Preferred Units issued for gross proceeds of US$3,630,000 [1]. - A third tranche is expected to close in the coming weeks to issue the remaining Preferred Units [1]. - The net proceeds from the Financing will fund costs associated with AIP's proposed business combination with AllTrades Industrial Properties, LLC, including audit fees, legal fees, and due diligence costs [4]. Preferred Units Characteristics - Each Preferred Unit grants the holder voting rights and a preference in distributions over Class A Trust Units [2]. - Preferred Units can be converted into one Unit at no additional cost under specific conditions, including a notice of intent to convert or upon certain corporate transactions [2]. - The second tranche of Preferred Units is subject to a four-month and one-day hold period from the issuance date [5]. Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on light industrial flex facilities for small businesses in the U.S., particularly in the Dallas-Fort Worth market [6]. - The properties cater to a diverse range of small space users, offering low tenant turnover, stable cash flow, and significant growth opportunities [6].

Core Viewpoint - AIP Realty Trust has successfully completed the first tranche of a non-brokered private placement, issuing 7,260,000 Preferred Units at a price of US$0.50 each, raising a total of US$3,630,000, with plans for a second tranche to follow [1]. Financing Details - The total amount that can be raised under the Financing is up to US$7,000,000 through the issuance of 14,000,000 Preferred Units [1]. - The net proceeds from the Financing will be allocated to cover costs associated with AIP's proposed business combination with AllTrades Industrial Properties, LLC, including audit and legal fees [4]. - A total of US$152,000 was paid in finders' fees to third parties involved in the placement of the first tranche [5]. Preferred Units Characteristics - Each Preferred Unit grants the holder voting rights and a preference in distributions over Class A Trust Units [2]. - Preferred Units can be converted into Class A Trust Units at no additional cost under specific conditions, including a notice of intent to convert or upon certain corporate actions [2]. - The first tranche of Preferred Units is subject to a hold period of four months and one day from the issuance date [5]. Related Party Transaction - DKAM Capital Ideas Fund LP, a significant holder of the Trust's voting securities, participated in the first tranche, classifying the Financing as a related party transaction under Canadian securities laws [6]. - The Trust did not file a material change report prior to the closing of the first tranche due to the timing of insider participation details [6]. Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on light industrial flex facilities aimed at small businesses in the U.S., particularly in the Dallas-Fort Worth market [7][8]. - The properties managed by AIP are designed to cater to a diverse range of small space users, providing stable cash flow and growth opportunities [8].