REIT Notes Program Ltd: Early Warning Report Filed Pursuant To National Instrument 62-103

On November 3, 2020 and November 5, 2020, the Acquiror exercised the Put Right in respect of the entire outstanding principal amount of each of the Notes. As a result, the Acquiror acquired 4,489,127 Units, representing an approximate 14% ownership interest in the REIT, for a total purchase price of $35,033,950. The Acquiror previously did not own any Units. OnNovember 3, 2020andNovember 5, 2020, the Acquiror exercised the Put Right in respect of the entire outstanding principal amount...

TORONTO, 23/11/2020 (informazione.news - comunicati stampa - editoria e media)

On November 3, 2020 and November 5, 2020 , the Acquiror exercised the Put Right in respect of the entire outstanding principal amount of each of the Notes. As a result, the Acquiror acquired 4,489,127 Units, representing an approximate 14% ownership interest in the REIT, for a total purchase price of $35,033,950 . The Acquiror previously did not own any Units.

The head office of the REIT is located at:
151 Yonge Street, 11 Floor
Toronto, Ontario
M5C 2W7

The address of the Acquiror is:
c/o MaplesFS Limited
PO Box 1093
Queensgate House, Grand Cayman
KYl-1102, Cayman Islands

A copy of the Early Warning Report to which this press release relates can be obtained from REIT Notes Program Ltd with the address of c/o Maples Corporate Services Limited, PO Box 309, Ugland House, South Church Street, Grand Cayman, Cayman Islands KY1-1104 or on the SEDAR profile of the REIT at www.sedar.com.