TORONTO -- (Business Wire)

Starlight Investments Capital GP Inc. ("Starlight Capital"), on behalf of Global Real Assets Trust (the "Trust"), is pleased to announce the 2026 initial and quarterly distribution schedule for the Trust's 6.85% Cumulative Redeemable Series 1 Preferred Units (TSX: GLRA.PR.A).

The Preferred Units are listed on the Toronto Stock Exchange under the ticker symbol GLRA.PR.A.

The Trust intends to pay the following distributions to holders of the Preferred Units:

The Preferred Units were issued pursuant to the Trust's recently completed offering of 2,000,000 Preferred Units at a price of $25.00 per Preferred Unit for gross proceeds of $50 million. The Preferred Units are designed to provide holders with fixed cumulative preferential quarterly cash distributions of $0.428 per Preferred Unit, representing $1.71 annually, or 6.85% per annum based on the $25.00 issue price.

Forward-looking statements

This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the Trust and Starlight Capital regarding future events. In some cases, forward-looking statements can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Material factors and assumptions used by the Trust and Starlight Capital to develop the forward-looking information include, but are not limited to, the Trust and Starlight Capital’s current expectations about the Special Redemption and the timeline for implementation and settlement thereof. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

Although Starlight Capital believes that the expectations reflected in such forward-looking statements are reasonable and represent the Trust’s internal expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties that may be general or specific and which give rise to the possibility that expectations will not prove to be accurate, that assumptions may not be correct and that objectives will not be achieved. A variety of factors, many of which are beyond the Trust’s control, may affect the operations of the Trust, and could cause actual future events to differ materially from current expectations of anticipated events expressed or implied by such forward-looking statements. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the Trust undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Global Real Assets Trust

The Global Real Assets Trust’s investment objective is to provide unitholders with cash distributions and long-term capital appreciation through exposure to institutional quality real assets in the global real estate and global infrastructure sectors, and to a lesser extent, the global diversified equity sector.

The investment objectives for the Preferred Units are:

(i) to provide holders with fixed cumulative preferential quarterly cash distributions in the amount of $0.428 per Preferred Unit ($1.71 per annum or 6.85% per annum based on the issue price of $25.00 per Preferred Unit); and

(ii) on or about May 31, 2031, subject to extension for successive terms of up to seven years as determined by the trustees of the Trust, to pay holders of the Preferred Units the original issue price of $25.00 per Preferred Unit through the redemption of each Preferred Unit held on the applicable termination date.

About Starlight Capital and Starlight Investments

Starlight Capital is an independent Canadian asset management firm with over $1 billion in assets under management. We manage Global and North American diversified private and public equity investments across traditional and alternative asset classes, including real estate, infrastructure and private equity. Our goal is to deliver superior risk-adjusted, total returns to investors through a disciplined investment approach: Focused Business Investing. Starlight Capital is a wholly-owned subsidiary of Starlight Investments. Starlight Investments is a leading global real estate investment and asset management firm with over 380 employees and $30B in AUM. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space. Learn more at www.starlightcapital.com and connect with us on LinkedIn at https://www.linkedin.com/company/starlightcapital/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623462414/en/

Contacts:

Dennis Mitchell
Chief Executive Officer &
Chief Investment Officer
1-416-855-2642
dmitchell@starlightcapital.com

Graeme Llewellyn
Chief Financial Officer &
Chief Operating Officer
1-416-855-2643
gllewellyn@starlightcapital.com

Source: Starlight Investments Capital GP Inc.