North America Home Finance Provides Notice of Increase in HYU Value to $10.46 per Unit

Executive Summary

• North America Home Finance Inc. announced that the trustees of NAHF Real Estate Trust set the value per Housing Yield Unit (HYU) at $10.46 as of June 1, 2026, establishing the price for unit subscriptions and redemptions.
• The quarterly increase in the Trust's deemed HYU value was driven entirely by mortgage principal repayments on underlying residential housing assets, specifically the Saanich Ridge and Five Crossings rental home portfolios.
• The Trust is currently in a high-water mark measurement period, with future HYU price appreciation benchmarks tied to June 2025 Home Price Index levels for the markets in which the Trust holds assets.

Key Details

• HYU Valuation: $10.46 per Housing Yield Unit as of June 1, 2026, applicable for all unit subscriptions and redemptions.
• Security Structure: Housing Shares (Series A Non-Voting Preferred Shares, ticker: NAHF.PR.A) are backed on a 1-to-1 basis by an equal number of HYUs held by the Trust.
• Value Drivers: The increase in HYU deemed value during the quarter was attributed solely to mortgage principal reduction on the Trust's underlying residential housing assets.
• Portfolio Assets: Underlying assets include the Saanich Ridge and Five Crossings rental home portfolios.
• High-Water Mark Adjustment: HYUs are currently within a high-water mark measurement period; future price determinations will be attributed to housing market appreciation only once market values exceed the June 2025 Home Price Index benchmark levels.
• Market Liquidity Note: There is no established market for HYUs, and none is expected to develop; the $10.46 valuation was determined arbitrarily by the Trust's trustees.