Mr. Michael Cooper reports

DREAM OFFICE REIT ANNOUNCES FEBRUARY 2024 POST-CONSOLIDATION MONTHLY DISTRIBUTION

Dream Office Real Estate Investment Trust has declared its February, 2024, monthly distribution of 8.333 cents ($1 annualized) per REIT unit, Series A. The February distribution will be payable on March 15, 2024, to unitholders of record as at Feb. 29, 2024.

The trust will be implementing the consolidation of all the issued and outstanding REIT A units, REIT units, Series B and special trust units of the trust on the basis of one postconsolidation unit for every two preconsolidation units on or around Feb. 22, 2024, and the REIT A units are expected to begin trading on a postconsolidation basis on the Toronto Stock Exchange at market opening on Feb. 27, 2024. As previously announced on Feb. 15, 2024, the monthly distributions on the REIT A units of the trust are currently 8.333 cents per REIT A unit on a preconsolidation basis, and following the completion of the unit consolidation, the monthly distributions of the trust, including the February distribution, will remain 8.333 cents per REIT A unit, and will not be proportionately increased or adjusted.

Dream Office is an unincorporated, open-ended real estate investment trust. Dream Office is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. It has carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world.