Mr. George Lawton reports

NORTH AMERICA HOME FINANCE PROVIDES NOTICE OF INCREASE IN HYU VALUE TO $10.46 PER UNIT

North America Home Finance Inc. has provided notice that, as of June 1, 2026, the trustees of NAHF Real Estate Trust set the value per housing yield unit at $10.46, which is the price offered for unit subscriptions or redemptions.

This is relevant to holders of the company's Series A preferred shares, known as housing shares (NAHF.PR.A), as they are backed by an equal number of HYUs of the trust on a one-to-one basis.

Housing shares are designed to provide investors with exposure to residential housing value creation through an ownership interest backed by an equal number of HYUs of the trust. The company believes this structure provides a unique way for investors to participate in the long-term performance of residential housing assets while benefiting from both housing market appreciation and mortgage principal reduction.

Growth driven by mortgage principal reduction

As stated in the trust's announcement filed on SEDAR+, the increase in the trust's deemed value of the HYUs during the quarter was driven entirely by mortgage principal repayment associated with the trust's underlying residential housing assets, including the Saanich Ridge and Five Crossings rental home portfolios.

The result highlights one of the distinguishing characteristics of the housing share structure. Even during periods when housing markets are flat or experiencing modest declines, the reduction of mortgage debt can continue to increase underlying equity value and growth.

High-water mark adjustment

The trust also announced that the HYUs are within a high-water mark measurement period.

The benchmark for future housing price appreciation calculations will be based on the June, 2025, Home Price Index levels applicable to the housing markets in which the trust holds assets. As a result, future HYU price determinations are expected to be attributable by the trust to housing market appreciation once market values exceed this benchmark level.

About housing shares

Housing shares are Series A non-voting preferred shares of the company that are backed by an equal number of HYUs of the trust, which holds income-producing residential rental properties through NAHF Limited Partnership. Housing shares were created to provide investors with participation in the long-term value creation of residential housing assets while supporting the company's mission of expanding housing equity opportunities for families.

About North America Home Finance Inc.

North America Home, with Series A preferred shares housing shares (NAHF.PR.A), is a residential real estate finance and development company focused on expanding housing access through shared-equity and next-generation ownership pathways. The company develops, acquires, finances and manages residential housing assets while enabling residents and investors to participate in long-term housing equity growth.

We seek Safe Harbor.