Mr. Edward Fu reports

MINTO APARTMENT REIT COMPLETES THE SALE OF 150 ROEHAMPTON FOR $91 MILLION

Minto Apartment Real Estate Investment Trust has closed its previously announced sale of the property located at 150 Roehampton in Toronto, Ont. The property was sold for $90.75-million, representing a premium to the REIT's IFRS (international financial reporting standards) carrying value. Following the repayment of the associated mortgage and transaction costs, net proceeds of approximately $67-million are expected to be used, in part, to repay the REIT's variable-rate revolving credit facility, with the balance available for general trust purposes.

This transaction may result in a non-cash special distribution. While the amount of this special distribution (if any) is to be determined, the REIT anticipates that such amount would be consistent with the previous disclosure in the management information circular dated Jan. 29, 2026. In addition, it is anticipated that any non-cash special distribution would be primarily in the form of a capital gain for Canadian income tax purposes.

About Minto Apartment Real Estate Investment Trust

Minto Apartment REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multiresidential properties located in Canada. The REIT owns a portfolio of high-quality multiresidential rental properties located primarily in urban centres in Canada's major markets of Toronto, Montreal, Ottawa, Calgary and Vancouver.

We seek Safe Harbor.