Melcor REIT Announces a Third Independent Proxy Advisor Recommends Unitholders Vote for the Plan of Arrangement

EDMONTON, Alberta, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce that in addition to Institutional Shareholder Services (“ISS”) and Glass Lewis’ recommendations, Egan-Jones Proxy Services (“Egan-Jones”) has also recommended unitholders of Melcor REIT (“Unitholders”) vote FOR the previously announced plan of arrangement (the “Arrangement”) with Melcor Developments Ltd. (“MRD”), whereby, among other steps, the outstanding trust units of the REIT will be redeemed in exchange for $4.95 per unit held (the “Consideration”), through a series of steps outlined in the management information circular mailed to Unitholders, filed under the REIT’s profile on SEDAR+ (http://sedarplus.com) and on the REIT’s website at https://melcorreit.ca/special-meeting/.

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