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TORONTO — DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) announced that, at its annual meeting of unitholders (the “Meeting”) held today, all of the nominees for election as trustees of the Trust (the “Trustees”) referred to in its management information circular for the Meeting (the “Circular”) were elected. Votes cast on this matter were as follows:
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Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld | ||||
Amar Bhalla | 7,973,239 | 96.28 | 307,787 | 3.72 | ||||
Dr. Catherine Brownstein | 7,977,083 | 96.33 | 303,943 | 3.67 | ||||
Michael Cooper | 7,920,353 | 95.64 | 360,673 | 4.36 | ||||
Robert Goodall | 7,989,437 | 96.48 | 291,589 | 3.52 | ||||
Jennifer Lee Koss | 7,978,101 | 96.34 | 302,925 | 3.66 |
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At the Meeting, PricewaterhouseCoopers LLP was appointed as the auditor of the Trust, Dream Impact Master LP and the Trust’s subsidiaries for the ensuing year, and the Trustees were authorized to fix the remuneration of the auditor. Votes cast on this matter were as follows:
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Votes For | % Votes For | Votes Withheld | % Votes Withheld | |||||
PricewaterhouseCoopers LLP | 8,212,189 | 98.93 | 88,482 | 1.07 |
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At the Meeting, a resolution authorizing the issuance and delivery of $3,592,000 aggregate principal amount of 5.75% convertible unsecured subordinated debentures of the Trust due December 31, 2027 to Dream Asset Management Corporation (“DAM”), the asset manager of the Trust, in satisfaction of the base management fees and acquisition fees payable under the management agreement of the Trust in respect of the period from January 1, 2026 to December 31, 2026, as contemplated by a letter agreement originally dated January 7, 2026 was approved by a requisite vote of more than 50% of the votes cast by the unitholders of the Trust at the Meeting, excluding the votes cast by DAM and its associates and affiliates.
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Votes For | % Votes For | Votes Against | % Votes Against | |||||
Management Agreement Fee Proposal and Issuance of New Debentures | 388,692 | 52.97 | 345,132 | 47.03 |
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At the Meeting, a resolution approving certain amendments to the Trust’s deferred unit incentive plan to increase the number of deferred trust units and income deferred trust units of the Trust that may be granted or credited under the plan by a further 500,000 units, was approved by a requisite vote of more than 50% of the votes cast by the unitholders of the Trust. Votes cast on this matter were as follows:
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Votes For | % Votes For | Votes Against | % Votes Against | |||||
Amendment to Deferred Unit Incentive Plan | 7,676,365 | 92.70 | 604,661 | 7.30 |
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About Dream Impact Trust
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Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.
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