Independent Proxy Advisory Firm ISS Recommends Minto Apartment Real Estate Investment Trust Unitholders Vote FOR the Proposed Going-Private Transaction with Crestpoint Real Estate Investments Limited Partnership and Minto Group

Executive Summary

• ISS and the REIT’s board of trustees recommend that unitholders vote FOR the Arrangement Resolution to approve the previously announced going‑private plan.
• The transaction will have Crestpoint acquire all Trust Units (except those held by Minto, affiliates, and certain senior officers) for $18.00 per unit in cash, representing a meaningful premium to recent market prices.
• The special meeting of unitholders is scheduled for March 3 2026 (virtual format), with the proxy voting deadline on February 27 2026.

Key Details

• Transaction Consideration: $18.00 per Trust Unit, all‑cash.
• Acquirer: Crestpoint Real Estate (Pine) Limited Partnership and its affiliate Crestpoint Real Estate Investments Limited Partnership (together “Crestpoint”).
• Seller: All Trust Units of Minto Apartment REIT, except units retained by Minto, affiliates, and certain senior officers (“Retained Interest Holders”).
• Arrangement Agreement Date: January 5 2026.
• Board & Committee Recommendation: Unanimous (conflicted trustees abstaining) recommendation to vote FOR the Arrangement Resolution.
• ISS Recommendation: Vote FOR; ISS cites an attractive cash offer and a premium not seen since May 2022.
• Special Meeting Details: Virtual‑only, online at www.virtualshareholdermeeting.com/MI2026, March 3 2026 at 3:00 p.m. ET.
• Proxy Voting Deadline: Friday, February 27 2026 at 3:00 p.m. ET.
• Voting Assistance Contacts: Laurel Hill Advisory Group – toll‑free 1‑877‑452‑7184 (North America), international 1‑416‑304‑0211, email [email protected].
• Management Information Circular: Dated January 29 2026; available on SEDAR+ and the REIT’s website.

Notable Quotes

(No direct quotes from executives were included in the release.)