OTTAWA, ON — February 26, 2026 — Leads & Copy — Minto Apartment Real Estate Investment Trust (TSX: MI.UN) announced that Glass Lewis & Co., LLC, a leading independent proxy advisory firm, recommends that Trust Unitholders and special voting units vote FOR the special resolution to approve the plan of arrangement involving the REIT, Crestpoint Real Estate (Pine) Limited Partnership, an affiliate of Crestpoint Real Estate Investments Limited Partnership and an affiliate of the Minto Group, according to an arrangement agreement dated January 5, 2026.
Under the arrangement, Crestpoint will acquire all Trust Units, other than those held directly or indirectly by Minto, its affiliates, and certain senior officers, for $18.00 per Trust Unit in an all-cash transaction. The Arrangement Resolution will be up for approval at the special meeting of Unitholders on March 3, 2026.
The REIT’s board of trustees and a special committee of independent trustees, in consultation with their financial and legal advisors, determined that the Arrangement and the transactions are fair to Trust Unitholders (excluding the Retained Interest Holders). They also agreed that the Arrangement and entering into the Arrangement Agreement are in the best interests of the REIT and its Trust Unitholders. The Board unanimously recommends that Unitholders vote FOR the Arrangement Resolution.
The Meeting will be virtual-only, held online at www.virtualshareholdermeeting.com/MI2026, on March 3, 2026, at 3:00 p.m. (Eastern Time). Details about the Arrangement and how Unitholders can vote are available in the REIT’s management information circular, dated January 29, 2026, and related proxy materials on SEDAR+ at www.sedarplus.ca and on the REIT’s website.
Unitholders are encouraged to read the Circular and vote well in advance of the proxy voting deadline on Friday, February 27, 2006, at 3:00 p.m. (Eastern Time).
Unitholders can contact Laurel Hill Advisory Group, the REIT’s proxy solicitation agent and Unitholder communications advisor, with questions about the information in the Circular or for assistance with voting:
Laurel Hill Advisory Group:
Toll-Free: 1-877-452-7184 (for Unitholders in North America)
International: 1-416-304-0211 (for Unitholders outside North America)
Text Message: Text “Info”, to 1-416-304-0211 or 1-877-452-7184.
By Email: assistance@laurelhill.com
Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of Ontario. It owns income-producing multi-residential properties in urban markets in Canada, including Toronto, Montreal, Ottawa, Calgary, and Vancouver.
Crestpoint Real Estate Investments Limited Partnership is an affiliate of Connor, Clark & Lunn Financial Group Ltd. Crestpoint Investments focuses on commercial real estate and debt investments and manages over $11 billion on behalf of institutional and high-net-worth clients.
The Minto Group is a real estate firm in Canada with a fully integrated real estate investment, development, and management platform. Founded in 1955, Minto has built more than 100,000 new homes and manages residential and commercial rental properties.
Source: Minto Apartment Real Estate Investment Trust
