Mr. Edward Fu reports

MINTO APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES EXPECTED CLOSING DATE FOR GOING-PRIVATE TRANSACTION WITH CRESTPOINT REAL ESTATE INVESTMENTS LIMITED PARTNERSHIP AND MINTO GROUP AND JULY 2026 CASH DISTRIBUTION

Minto Apartment Real Estate Investment Trust has received the consent of Canada Mortgage and Housing Corp. and certain lenders to the REIT that is required to close the previously announced plan of arrangement pursuant to which an affiliate of Crestpoint Real Estate Investments Limited Partnership will acquire all of the REIT's issued and outstanding trust units other than trust units held directly or indirectly by Minto Properties Inc. and its affiliates and certain senior officers, for $18 per trust unit in cash, in accordance with the arrangement agreement dated Jan. 5, 2026, as amended by the amending agreement dated March 2, 2026.

The REIT expects that, subject to the satisfaction at closing of the remaining closing conditions, the arrangement will be completed on or about Aug. 7, 2026.

Further details regarding the arrangement are set out in the news release of the REIT dated Jan. 5, 2026, and the REIT's management information circular dated Jan. 29, 2026, each of which is available under the REIT's SEDAR+ profile.

The REIT also announced today a cash distribution of 4.458 cents per trust unit for the month of July, 2026, representing 53.5 cents per trust unit on an annualized basis. In connection with the expected closing of the transaction, the REIT expects to pay such distribution to unitholders of record as at July 31, 2026, on the earlier of: (a) concurrently with the completion of the transaction; and (b) Aug. 14, 2026.

About Minto Apartment Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multiresidential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multiresidential rental properties located in Toronto, Montreal, Ottawa, Calgary and Vancouver.

We seek Safe Harbor.