Core Viewpoint - Boardwalk Real Estate Investment Trust has received approval to renew its normal course issuer bid for an additional year, allowing it to repurchase up to 4,018,000 trust units, which represents approximately 10% of its public float [1][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The NCIB permits the purchase of up to 4,018,000 units over a twelve-month period starting November 24, 2025, and expiring no later than November 23, 2026 [2]. - As of November 9, 2025, there are 49,021,713 units issued and outstanding, with a daily purchase limit of 24,822 units based on the average daily trading volume [2]. Purchase Mechanism - Boardwalk intends to enter into an automatic purchase plan with TD Securities Inc. to facilitate unit purchases during regulatory restrictions or blackout periods [3]. - All units repurchased under the NCIB will be cancelled [2]. Previous NCIB Performance - Under the previous NCIB, Boardwalk purchased 775,079 units from November 22, 2024, to November 21, 2025 [4]. Management's Perspective - Management believes that proceeds from non-core asset sales can be effectively used for unit repurchases, viewing the current unit price as below its underlying value due to strong fundamentals and a positive outlook for affordable housing [5]. - The company is focused on enhancing stakeholder value and continuously evaluates capital allocation opportunities [5]. Corporate Profile - Boardwalk REIT operates over 200 communities with more than 34,000 residential units, totaling over 30 million net rentable square feet [12]. - The company aims to provide exceptional service and product quality, leading to high retention rates and strong operating results, which contribute to higher free cash flow and investment returns [12].

Core Viewpoint - Primaris Real Estate Investment Trust has successfully closed the issuance of an additional 1,448,599 trust units, raising approximately $21.4 million through the exercise of the underwriters' over-allotment option related to a recent public offering [1] Group 1 - The additional issuance of trust units was part of a public offering that totaled 10,000,000 units, completed on October 10, 2025 [1] - The gross proceeds from the additional issuance amount to approximately $21.4 million [1] - The underwriters fully exercised their over-allotment option in relation to the offering [1]

Core Viewpoint - Firm Capital Property Trust has announced positive amendments to its Distribution Reinvestment Plan (DRIP), including a discount on Trust Units issued from treasury, aimed at enhancing value for Unitholders [1][2]. Group 1: Distribution Reinvestment Plan (DRIP) Amendments - The floor price for Trust Units issued from treasury will be lowered from $8.00 to $7.40 per Trust Unit effective from the July 2025 distribution [2]. - If the Average Market Price exceeds $7.40, Trust Units will be issued at the Average Market Price minus a 3% discount [2]. Group 2: Distribution Yield - The Trust is currently distributing $0.04333 per Trust Unit, which translates to approximately $0.52 annually, equating to an 8.6% distribution yield [3]. - Approximately 65% of the Trust's distributions for 2025 are expected to be Return of Capital, resulting in an effective pre-tax distribution yield of 11.9% [3]. Group 3: Trust's Investment Strategy - Firm Capital Property Trust focuses on creating long-term value through capital preservation and disciplined investing to achieve stable distributable income [5]. - The Trust aims to own and co-own a diversified property portfolio, including multi-residential, flex industrial, and net lease convenience retail properties [5]. - The Trust will pursue both standalone accretive acquisitions and joint acquisitions with strong financial partners [5].

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].