Mr. Scott White reports

INVESQUE INC. REPORTS THIRD QUARTER 2023 RESULTS

Invesque Inc. has released its results for the three and nine months ended Sept. 30, 2023.

Third Quarter and Subsequent Highlights

• The Company had a busy third quarter, continuing to streamline and strengthen the portfolio through dispositions and operator transitions. In addition, the Company opened up a newly developed community.
• As previously announced, Adlai Chester assumed the role of Chief Financial Officer in addition to EVP - Investments, effective August 1.
• As previously announced, on September 26, the Company received debentureholder approval to pass an extraordinary resolution amending certain terms of its 8.75% Convertible Unsecured Subordinated Debentures due September 30, 2026 (the "Debentures"). On October 5, the Company redeemed US$4.8 million of the Debentures pursuant to the amendment.
• On October 27, the Company received confirmation that final licensure approval was granted for a newly constructed seniors housing community in Parker, Colorado. The property consists of 102 units of assisted living and memory care and will be part of a joint venture between the Company and Health Dimensions Group ("HDG"). HDG will manage day-to-day operations of the community.
• On November 1, the Company sold two seniors housing communities in Georgia and two seniors housing communities in South Carolina to Logos Living Capital, LLC ("Logos"), a New York-based private equity firm focused on senior housing. Viva Senior Living will manage the properties on behalf of Logos. The communities, which were previously part of the Company's joint venture with Phoenix Senior Living, sold for US$25.1million.
• On November 8, the Company executed an Amended and Restated Credit Agreement (the "A&R Credit Agreement") with a syndicate of lenders led by KeyBank. The A&R Credit Agreement extends the maturity from December 19, 2023 to March 31, 2025.
• Reported funds from operations ("FFO") 1 of US$0.07 and US$0.30 per common share for the three and nine months ending September 30, 2023. The Company reported adjusted funds from operations ("AFFO") 2 of US$0.05 and US$0.27 per common share for the three and nine months ending September 30, 2023.

"The Company made great strides over the last ninety days on a number of fronts, including the sale of a non-core and underperforming seniors housing portfolio, the opening of a newly constructed community in Colorado, and an extension of the KeyBank credit facility that was previously set to expire at year-end," commented Scott White, Chairman & Chief Executive Officer.

About Invesque

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, the licensed operations, and provides management services through Commonwealth Senior Living, LLC, a Delaware limited liability company ("Commonwealth").

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