Mr. Adlai Chester reports

INVESQUE ANNOUNCES ACQUISITION OF SHARES BY COMPANY CONTROLLED BY CHIEF FINANCIAL OFFICER

IVQ Stock Holding Company LLC, a company controlled by Adlai Chester, Invesque Inc.'s chief financial officer and a member of its board of directors, has entered into a share purchase agreement to acquire 16,982,283 common shares of the company from certain subsidiaries of Tiptree Inc. at a price of 3.68 U.S. cents per common share and an aggregate purchase price of $625,000 (U.S.). Based on the daily average exchange rate on March 28, 2024, the Canadian-dollar equivalent for the price per common share is 4.9868 cents, and the aggregate purchase price is $846,875. Following the acquisition, Tiptree will no longer own or control any shares in the company. The acquisition is expected to close on or before April 30, 2024, and remains subject to customary closing conditions.

After giving effect to the acquisition described above, ISHC would own or control, directly or indirectly, 16,982,283 common shares, representing approximately 30.21 per cent of the outstanding common shares of the company. Together with the 212,907 common shares currently owned or controlled by Mr. Chester, ISHC and Mr. Chester will collectively own 17,195,190 common shares, representing approximately 30.59 per cent of the outstanding common shares of the company.

ISHC is acquiring the common shares for investment purposes, and may increase or decrease its investment in these or other securities of the company, subject to market conditions.

ISHC is relying on the private agreement exemption under Section 4.2 of National Instrument 62-104 (Take-Over Bids and Issuer Bids). In particular, the purchase of the common shares was made from not more than five persons in the aggregate, the bid was not made generally to securityholders of the class of securities that is the subject of the bid, and the value of the consideration being paid by ISHC for the common shares, including brokerage fees and commissions, is not greater than 115 per cent of the market price of the securities at the date of the bid.

This press release is being issued by ISHC pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues). An early warning report regarding the acquisition of common shares by ISHC will be filed on SEDAR+ under Invesque's issuer profile. To obtain a copy of the early warning report filed by ISHC, please contact Mr. Chester at 765-702-3025 or refer to the company's SEDAR+ profile.

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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