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Dream Impact Trust (2)
Symbol MPCT
Shares Issued 18,866,970
Close 2025-12-31 C$ 1.48
Market Cap C$ 27,923,116
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Dream Impact debentures amended

2025-12-31 21:19 ET - Miscellaneous

The Toronto Stock Exchange reports that Dream Impact Trust has amended the terms of its 5.50 per cent convertible unsecured subordinated debentures (symbol MPCT.DB), as follows:

  • The maturity date of the debentures has been extended from July 31, 2026, to July 31, 2031.
  • The interest rate on the debentures will increase from 5.50 per cent per annum to 6.50 per cent per annum and the debentures will be redesignated as 6.50 per cent convertible unsecured subordinated debentures effective from and including Feb. 2, 2026.
  • The conversion price of the debentures has been reduced from $31.02 per unit to $2.75 per unit.
  • The trust has added a right, at its sole option, to satisfy any conversion request in cash in lieu of delivering units that would otherwise be issuable on conversion of the debentures.

According to the TSX, all the other terms of the debentures remain unchanged. For a summary of the terms of the debentures, see the TSX bulletin dated Dec. 2, 2021. The amendments are contained in an amended and restated trust indenture, originally made as of Aug. 3, 2021, and amended on Nov. 28, 2025, between the trust and Computershare Trust Company of Canada, in its capacity as the debenture trustee.

In accordance with Section 1.5 of the amended indenture, as Jan. 31, 2026, is a Saturday, the next interest payment date is Monday, Feb. 2, 2026.

The amendment to the interest rate and the redesignation of the debentures will become effective at the opening on Feb. 2, 2026. As a result, the debentures will be posted for trading at the opening on Feb. 2, 2026, under the new name, 6.50 per cent convertible unsecured subordinated debentures. The TSX will issue a further bulletin announcing details of the redesignation. There will be no change to the Cusip number or the trading symbol. All of the other amendments, described above, are effective immediately.

For more information, see the trust's management information circular dated Oct. 20, 2025, and its news releases dated Sept. 17, 2025, and Nov. 27, 2025.

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