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Dream Impact Trust Announces Correction to Voting Results of Special Meeting of Unitholders
DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”), ...
About this update from Dream Impact Trust
[{"type":"text","content":"Dream Impact Trust Announces Correction to Voting Results of Special Meeting of Unitholders\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”),\n \n announced today that, at its special meeting (the “\n \n Meeting\n \n ”) of unitholders of the Trust (“\n \n Unitholders\n \n ”) held earlier today, Unitholders approved the 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 ”) to change the conversion price of such debentures from $31.02 per unit to $2.75 per unit and to make such other consequential amendments as are required to give effect to such change, as described in more detail in the Trust’s management information circular dated October 20, 2025 (the “\n \n Circular\n \n ”).\n \n\n At the Meeting, the Amendments Resolution required approval by at least a simple majority of the votes cast by the Unitholders present in person or represented by proxy and entitled to vote at the Meeting.\n \n\n A total of 8,183,043 units of the Trust were represented in person or by proxy at the Meeting. The Amendments Resolution was approved by approximately 95.07% of the votes cast by the Unitholders present in person or represented by proxy and entitled to vote at the Meeting (rather than 44.43% as previously announced). Details of the voting results will be filed under the Trust’s profile at\n \n www.sedarplus.com\n \n and available on the Trust’s website at\n \n www.dreamimpacttrust.ca\n \n .\n \n\n The Trust will enter into an amended and restated trust indenture with respect to the Debentures in order to implement the amendments described in the Circular, including the change to the conversion price of the Debentures referred to above. The amendments are expected to be implemented in the fourth quarter of 2025, with the increase to the interest rate of the Debentures from 5.50% to 6.50% commencing for the period beginning on or about January 31, 2026.\n \n\n\n About Dream Impact Trust\n \n\n\n Dream Impact is an open-ended trust dedicated to impact investing. Dream Impac...