Melcor REIT Begins Voting Process for Amended Arrangement Approval

Melcor REIT Initiates Voting for New Arrangement Approval

For Unitholder Inquiries
Voting Unitholders with questions or needing assistance in the voting process can reach out to Laurel Hill Advisory Group via telephone at 1-877-452-7184 (North American Toll Free) or at 1-416-304-0211 (Outside North America), or by email at assistance@laurelhill.com.

Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) has started the process of mailing its management information circular, along with related documents. This is a crucial step leading up to a special meeting where holders of units and voting units will vote on a vital resolution. This resolution concerns an approved plan of arrangement involving the REIT, Melcor REIT GP Inc. (“GP”), and Melcor Developments Ltd. (“Purchaser”).

The recently updated arrangement agreement, signed between the involved parties, outlines a new consideration of $5.50 per unit, reflecting an increase of $0.55 per unit, or an 11% rise compared to previous offers. Additionally, the revised agreement includes a fresh 90-day “go shop” period to explore other potential terms.

Details of the Upcoming Special Meeting

The special meeting is scheduled to take place at the Windsor Room, Third Floor, Manulife Place, Edmonton, with votes set to be counted on April 11. Voting Unitholders are highly encouraged to review the materials provided, which will be accessible under the REIT's profile on SEDAR+, as well as on the official Melcor REIT website.

Unitholders who have already cast their votes for the previously planned meeting must participate again, as prior votes will not be counted for the new meeting. Instructions for voting are included within the circular distributed to unitholders.

Voting Methods for Unitholders

There are multiple avenues for Voting Unitholders to submit their votes:

• Non-Registered Unitholders: Vote online at proxyvote.com. Canadian residents can call 1-800-474-7493 (English) or 1-800-474-7501 (French), while those in the USA may dial 1-800-454-8683. Completed Forms of Proxy must be returned in the provided postage-paid envelope.
• Registered Unitholders: Online voting can be done through vote.odysseytrust.com. Forms of Proxy or Voting Instruction Forms must be mailed back to ensure proper counting of votes.

The record date for determining eligible Voting Unitholders was March 12. All votes must be submitted by April 9 to be considered.

Seeking Assistance and Information

For additional questions or concerns regarding the voting process, Unitholders are encouraged to contact Melcor REIT's representative, Laurel Hill Advisory Group, using the contact information provided above.

Interim Court Order Received

Additionally, Melcor REIT announced that it received an interim court order, allowing them to move forward with the various proceedings associated with the arrangement being voted on. This includes securing the meeting where they will discuss the approval of the arrangement resolution.

About Melcor REIT

Melcor REIT is a notable unincorporated, open-ended real estate investment trust that focuses on owning, acquiring, managing, and leasing high-quality income-generating properties across western Canada. Currently, its portfolio encompasses 34 properties spanning roughly 2.8 million square feet of gross leasable area situated across Alberta and Regina, Saskatchewan. Further information can be found on the official website, www.melcorREIT.ca.

Frequently Asked Questions

What is the purpose of the special meeting for Melcor REIT?

The special meeting aims to approve the amended arrangement involving Melcor REIT, its GP, and Melcor Developments Ltd.

When is the deadline for submitting votes?

Voting Unitholders must submit their votes by April 9, 2025, at 9:30 a.m. (Edmonton time).

How can unitholders vote?

Unitholders can vote online, via telephone, or by returning the completed form of proxy through mail.

What will happen if I don't vote again?

If you have voted for the original meeting, you must vote again to ensure your vote counts for the new arrangement.

Where can unitholders find more information about the meeting?

Unitholders can find meeting materials on SEDAR+ and the Melcor REIT official website.

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