Press Release: Mill Pond Capital's Daniel Farb -2

[3] H&R REIT Q2 2026 MD&A (June 30, 2026): debt to total assets of 41.8% and debt to adjusted EBITDA of 7.1x at the REIT's proportionate share. [4] GO Residential REIT news release, second quarter 2026 results (Aug 14, 2026): debt to gross book value of 53.5% as at June 30, 2026 and 48.5% as at December 31, 2025. [5] GO Residential REIT and H&R REIT joint investor presentation (Aug 11, 2026): GO standalone debt to EBITDA of 12.5x; nine-member board; existing executive team. [6] GO Residential REIT news release, completion of initial public offering at US$15.00 per unit (Jul 31, 2025). [7] GO Residential REIT news release on the transaction (Aug.