Closing of the Offering The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including TD Securities Inc., Scotia Capital Inc., National Bank Financial Inc., Desjardins Securities Inc., GMP Securities L.P., and Dundee Securities Ltd. (collectively, the " Underwriters "). The estimated net proceeds to the REIT from the Offering, after deducting the Underwriters' fee of approximately $0.6 million, but before deducting the expenses of the Offering, were $10.5 million. The REIT has also granted the Underwriters an over-allotment option exercisable, in whole or in part, to purchase up to an additional 693,362 Units at a price of $2.40 per unit (for additional aggregate gross proceeds to the REIT of $1.7 million if the over-allotment option is exercised in full) for a period of 30 days from the closing date of the Offering, to cover over-allotments, if any, and for market stabilization purposes.