MARWEST APARTMENT REIT ANNOUNCES NORMAL COURSE ISSUER BID

Executive Summary

• Marwest Apartment REIT filed a Notice of Intention to make a Normal Course Issuer Bid (NCIB) with the TSX Venture Exchange, seeking approval to purchase up to 700,025 Units (≈10% of public float) over a 12‑month period.
• Purchases will be executed through National Bank Capital Markets under an Automatic Unit Purchase Plan; all acquired Units will be cancelled and returned to treasury.
• Funding for the bid will come from the REIT’s working capital; no insiders have indicated intent to sell units to the REIT under this program.

Key Details

• Bid Scope: Up to 700,025 Units (≈10% of public float as of Feb 28 2026); max 2% of outstanding Units in any 30‑day period.
• Timeframe: Commences April 1 2026 and ends March 31 2027 (12‑month period).
• Execution Method: Open‑market purchases via TSX Venture Exchange, alternative trading systems, or other permitted means at prevailing market price; all units purchased will be cancelled.
• Broker & Plan: National Bank Capital Markets (NBCM) designated broker; an Automatic Unit Purchase Plan (AUPP) provides standard instructions for timing and limits of purchases.
• Funding Source: REIT’s working capital; no external financing required.
• Insider Participation: To date, trustees, officers, insiders, or affiliates have not indicated any intention to sell units to the REIT under the NCIB.
• Regulatory Requirement: NCIB is subject to TSXV approval; a copy of the notice filed with the TSX Venture Exchange is available to unitholders upon request.

Notable Quotes

(No direct quotes were provided in the release.)