Mr. Russell Tanz reports

TEMPUS CAPITAL ANNOUNCES PAYOUT AND ANOTHER STRATEGIC INVESTMENT

Tempus Capital Inc. has received full payout of its investment in a participating mortgage arrangement as disclosed a news release of June 7, 2022. Part of the proceeds will be invested in a multiresidential property located in Toronto, Ont.

Tempus realized a profitable return on its investment in the participating mortgage based on an underlying property in Detroit, Mich., which was paid out on Feb. 22, 2024.

Tempus has acquired 50,000 common shares of the corporate entity which has acquired a multifamily residential property in Toronto. The investment represents an ownership interest of approximately 10 per cent of the entity.

"We are very pleased that Tempus Capital continues to invest in this multifamily sector," said Russell Tanz, Tempus president and chief executive officer.

About Tempus Capital Inc.

Tempus is a real estate operating company engaged in the acquisition, development and ownership of income-producing properties in Canada, focusing on strip mall shopping centres, storefront retail, and mixed residential and commercial properties. Tempus is a reporting issuer in British Columbia, Ontario and Alberta.