Mr. Todd Cook reports

NORTHVIEW RESIDENTIAL REIT ANNOUNCES RENTAL RELIEF TO RESIDENTS

Northview Residential REIT today provided an update to residents who have evacuated Yellowknife, following the evacuation order that was issued on Aug. 18, 2023, by the government of the Northwest Territories.

This continues to be a stressful time for those displaced by the wildfires. Northview's primary concern is for the safety and well-being of its residents and employees. If you have not already checked in, please contact the trust at 1-867-920-2909 or e-mail it at info@nvreit.ca. All calls to the Yellowknife Northview office will be automatically redirected to the Calgary office. The trust's 24-hour emergency services line is also available at 1-844-556-6784.

Northview also announces the following to its Yellowknife residents:

• August rent will be prorated from the date of the emergency evacuation order, Aug. 18, 2023, and until the evacuation order is lifted. Those residents who have had their rental payment processed will have the prorated amount credited to their account.
• Sept. 1 rent will not be processed and will be prorated based on the date when the evacuation order is lifted and residents can safely return to the community.

In its haste to ensure the safety and well-being of its Yellowknife residents and employees as they evacuated, Northview overlooked the need to disable automated electronic messages that are sent to all residents, including those in Yellowknife, when rent payments are past due prior to the evacuation. Northview regrets this oversight and advises Yellowknife residents to disregard the automated messages that were sent in August.

Yellowknife residents with questions or concerns are urged to contact the trust's customer service team at 1-867-920-2909 or e-mail info@nvreit.ca.

For emergencies, residents should contact Northview's 24-hour emergency services line at 1-844-556-6784.

Canadian Red Cross 2023 Northwest Territories Fires Appeal

Northview will match up to $25,000 in employee donations to Canadian Red Cross 2023 Northwest Territories Fires Appeal. Those wishing to help people impacted by the fires are encouraged to make a financial donation to the 2023 Northwest Territories Fires in one of the following ways:

• On-line at redcross.ca;
• By calling 1-800-418-1111.

According to the Red Cross, donations to the Canadian Red Cross will be used for immediate and continuing relief, recovery, and resilience efforts in response to the fires in the Northwest Territories. Donations may also support communities assisting those impacted, as well as preparedness and risk reduction for future all-hazard disaster events within the Northwest Territories and the region.

Northview also encourages those affected by the wildfires to access the following resources for news and assistance:

• Government of Northwest Territories;
• City of Yellowknife;
• Canadian Red Cross (2023 Northwest Territories Fires).

About Northview Residential REIT

The REIT is a publicly traded real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario for the primary purpose of indirectly acquiring, owning and operating a portfolio of income-producing rental properties in secondary markets within Canada.

We seek Safe Harbor.