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Dream Impact Announces Mailing of Management Information Circular in Connection With Special Meeting of Unitholders to Approve Amendments to the Terms of Its 5.50% Convertible Unsecured Subordinated Debentures
This press release contains forward-looking information that is based upon assumptions and is sub...
About this update from Dream Impact Trust
[{"type":"text","content":"Dream Impact Announces Mailing of Management Information Circular in Connection With Special Meeting of Unitholders to Approve Amendments to the Terms of Its 5.50% Convertible Unsecured Subordinated Debentures\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n\n This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.\n \n\n\n\n\n\n\n DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”),\n \n announced today that it is mailing its management information circular (the “\n \n Circular\n \n ”) and related materials (together with the Circular, the “\n \n Meeting Materials\n \n ”) in connection with the special meeting (the “\n \n Meeting\n \n ”) of unitholders of the Trust (“\n \n Unitholders\n \n ”) to be held at the offices of Osler, Hoskin & Harcourt LLP, 100 King Street West, Suite 6300, Toronto, Ontario, M5X 1B8 at 2:00 p.m. (Toronto time) on November 27, 2025. Unitholders of record as of the close of business on October 17, 2025 are entitled to receive notice of and to vote at the Meeting.\n \n\n As previously announced by the Trust, at the Meeting, Unitholders will be asked to consider and vote upon a resolution (the “\n \n Amendments Resolution\n \n ”) approving amendments to the terms of the Trust’s outstanding 5.50% convertible unsecured subordinated debentures due 2026 (the “\n \n Debentures\n \n ”). The Trust currently has $30,000,000 aggregate principal amount of Debentures issued and outstanding. The amendment requiring Unitholder approval is a change in the conversion price of the Debentures from $31.02 per unit of the Trust (originally $7.755 per unit of the Trust at the time of issuance of the Debentures) to $2.75 per unit of the Trust (the “\n \n Conversion Price Amendment\n \n ”). The new conversion price reflects a 59% premium to the closing price of units of the Trust (“\n \n Units\n \n ”) on October 17, 2025 and a 62% premium to the closing price of the Units on September 17, 2025, the date on which the Trust originally announced the Ame...