Mr. Eric Fazilleau reports

REALIA PROPERTIES INC. ANNOUNCES CLOSING OF BOND SALE

Realia Properties Inc. has completed the sale of its remaining real estate assets, previously announced on April 8, 2026.

Bond sale

The company has completed its sale of the 8.25-per-cent unsecured bond in consideration of $6,875,000 (U.S.), which was the face value of the bond. The sale was to an arm's-length buyer and was previously approved by the company's shareholders at the company's annual general and special meeting on April 28, 2026.

The bond was issued by Primos Alternative Investments, and secured by an interest in development proceeds owing to it by T-Westbrook Center LLC, with respect to a commercial retail centre located in Connecticut. The bond was first acquired by the company to preserve an investment opportunity in said real estate asset. As the Connecticut retail centre has encountered significant development issues since the bond issue, the company believes the bond was undersecured as a practical matter.

Corporate updates

With the completion of these sales, the company will have no other assets other than the sales proceeds received. While the company intends to use such proceeds to identify and, if thought desirable, to acquire new real estate assets, there is no assurance or guarantee that the company will do so, in which event the company will have no active operations. At present, the company has not identified any real estate assets for potential acquisition.

The company also continues to work with the TSX Venture Exchange to satisfy any filing requirements with respect to the company's original disposition of a 74.99-per-cent interest in the Metro Gateway Center, the Martin Downs Town Centre and the 116 Street commercial retail property located in Indianapolis, Ind., which completed on Feb. 23, 2023, to an arm's-length purchaser for a combined purchase price of $11.8-million (U.S.) (per asset, $4,108,000 (U.S.) for Metro Gateway, $3,788,000 (U.S.) for Martin Downs and $3,904,000 (U.S.) for 116 Street), per its news release of May 19, 2023. (The entirety of 116 Street was subsequently sold on April 23, 2025, to a different arm's-length buyer for $12.05-million (U.S.), of which the company received $3,103,000 (U.S.).)

The company will provide further updates as they become available.

We seek Safe Harbor.