Mr. Adlai Chester reports

INVESQUE INC. ANNOUNCES RESTRICTIONS TO PREVIOUSLY ANNOUNCED 8.75% CONVERTIBLE DEBENTURE PARTIAL REDEMPTION

In connection with Invesque Inc.'s continuing negotiations with its primary credit facility lender, KeyBank National Association, to refinance or extend the maturity date on its existing credit facility between the company and KeyBank, Invesque has agreed to certain payment restrictions in an amendment to the credit facility.

The amendment includes a restriction on the amount that the company will pay debentureholders toward the partial redemption currently scheduled to occur on Sept. 30, 2023, of the company's 8.75 per cent convertible debentures due on Sept. 30, 2026. Specifically, the company is restricted under the terms of the amendment from redeeming more than $4,828,000 (U.S.) (10 per cent of the outstanding principal balance) of the principal amount of the 8.75 per cent convertible debentures under the partial redemption.

"Negotiating an extension or refinance with KeyBank is our highest priority," commented Adlai Chester, the recently named chief financial officer of Invesque. "The company continues to work closely with KeyBank to refinance the existing credit facility, and we are optimistic that all parties will work together to agree on terms in the near future."

About Invesque Inc.

The company is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic in North America will continue to utilize health care services in growing proportion to the overall economy. The company currently capitalizes on this opportunity by investing in a portfolio of income-generating predominantly private-pay seniors housing communities. The company's portfolio includes investments primarily in independent living, assisted living and memory care, which are operated under long-term leases and joint venture arrangements with industry-leading operating partners. The company's portfolio also includes investments in owner-occupied seniors housing properties, in which the company owns the real estate and the licensed operations, and provides management services through Commonwealth Senior Living LLC, a Delaware limited liability company.

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