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Dream Impact Trust Announces Voting Results of Special Meeting of Unitholders

By The Northwire Desk — AI Analysis Nov 27, 2025 · 15:48 MPCT · 1.37 None
MPCT · Price

Executive Summary

  • Unitholders approved amendments to the Trust’s 5.50% convertible unsecured subordinated debentures due 2026, lowering the conversion price from $31.02 to $2.75 per unit.
  • The amendment also increases the interest rate on the debentures from 5.50% to 6.50%, effective around January 31 2026.
  • Implementation of the amended and restated trust indenture is expected in Q4 2025.

Key Details

  • Amendments Approved: Conversion price changed to $2.75 per unit; interest rate increased to 6.50% beginning ~Jan 31 2026.
  • Voting Results: 8,183,043 units represented; amendment approved by approximately 44.43% of votes cast.
  • Effective Dates: Amendments to be implemented in the fourth quarter of 2025; interest rate step‑up effective on or about January 31 2026.
  • Documentation: Details filed on SEDAR (www.sedarplus.com) and on the Trust’s website (www.dreamimpacttrust.ca).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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