Delisting

Effective at the close of business on Friday, Sept. 19, 2025, the trust units of Sun Residential Real Estate Investment Trust will be delisted from the TSX Venture Exchange.

The delisting results from the dissolution of the trust and the final distribution to unitholders that was approved by the trust's unitholders at a special meeting held on May 28, 2025.

The termination of the trust will take place at 11:59 p.m. Toronto time on Sept. 19, 2025. In connection with the activities required for winding up of the business and affairs of the trust, all registered unitholders must surrender their units for cancellation at the termination time. In order for each unitholder to receive its pro rata interest in any remaining cash of the trust, each registered unitholder must complete and sign the letter of transmittal and deliver such letter of transmittal, together with the certificate (or certificates) representing the units and the other documents required by the instructions set out therein, to Computershare Investor Services Inc., in accordance with the instructions contained in the letter of transmittal.

The second distribution of 0.445 cent per trust unit will be paid in cash to holders of trust units of record at the termination time.

Trading and settlement rules

In connection with the second distribution and the dissolution of the trust, the exchange is implementing special trading rules for the trust's listed securities.

Effective at the opening, Friday, Sept. 19, 2025, all listed securities of the trust will trade for cash same day-settlement.

Trade on Sept. 19, 2025, will settle on the same day.

For further information, please refer to the trust's management information circular dated April 9, 2025, and the news releases dated May 28, 2025, July 2, 2025, July 10, 2025, and Aug. 29, 2025. which are available under the trust's profile on SEDAR+.