Artis Real Estate Investment Trust (AX-UN) EGM 2025 summary

Opening remarks and agenda

• Meeting opened by the chair, welcoming holders of common and preferred units, with all trustees and senior management present in a hybrid format.

• Introduction of trustees and senior management, outlining the meeting's hybrid structure and voting procedures.

• Quorum confirmed, meeting declared properly constituted for business.

Specific resolutions to be voted on

• Special resolution for common unit holders to approve a statutory plan of arrangement with RFA Capital Holdings Inc., requiring 2/3 approval, excluding interested parties.

• Series E and Series I preferred unit holders to vote as separate classes on special resolutions for the arrangement, each requiring 2/3 approval; arrangement not conditional on their approval.

• Ordinary resolution for common unit holders to approve an equity incentive plan for the resulting issuer, requiring majority approval.

Discussions on mergers, acquisitions, or other significant changes

• Arrangement agreement with RFA Capital Holdings Inc. to form RFA Financial Inc., with common unit holders owning 68% of the new entity.