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

EDMONTON, Alberta, March 27, 2025 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce that leading independent proxy advisor Institutional Shareholder Services (“ISS”) has recommended unitholders of Melcor REIT (“Unitholders”) vote FOR the previously announced amended and restated plan of arrangement (the “Arrangement”) with Melcor Developments Ltd. (“MRD”). The Arrangement provides, among other steps, for the outstanding trust units of the REIT to be redeemed in exchange for $5.50 per unit (the “Consideration”), through a series of steps outlined in the REIT’s management information circular mailed to Unitholders and 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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