RREEF Property Trust (RREEF) Proxy filing summary

Executive summary

• Board unanimously approved a complete liquidation and dissolution plan on September 15, 2026, subject to stockholder approval; it concluded an orderly asset sale was more likely to maximize value than alternatives.

• Estimated total liquidating distributions are $10.10–$12.50 per share, based on September 15, 2026 estimates; asset sales are targeted for completion within 24 months after approval.

• Seven properties and real estate securities comprise the remaining assets; sale marketing had not started as of the proxy date.

• If approved, regular monthly distributions will cease; distributions depend on asset-sale proceeds, liabilities, reserves, Board discretion and applicable law.

Voting matters and shareholder proposals

• Special meeting scheduled for January 20, 2027; proposals seek approval of the liquidation plan and adjournment to solicit additional proxies if votes are insufficient.

• Liquidation approval requires a majority of eligible Voting Common Shares; abstentions and unvoted shares count against it. Adjournment requires a majority of votes cast.

• Record date is October 27, 2026, with 13,619,115 Voting Common Shares outstanding and one vote per share; the Board recommends FOR both proposals.

• Stockholder proposals for the anticipated May 2027 annual meeting generally must be received by December 1, 2026; Rule 14a-19 director-nomination notices are due by March 8, 2027.

Board of directors and corporate governance

• The Board reviewed strategic alternatives with financial and legal advisers; outreach to 64 parties yielded no indication of a transaction at a premium to NAV, and the Board found liquidation the strongest alternative.

• The Board may modify, amend or terminate the plan before dissolution without another stockholder vote, if permitted by law; it may also authorize asset sales without further approval.

• JLLS opined that the $10.10–$12.50 estimated distribution range was reasonable from a financial point of view; its opinion did not assess the liquidation decision or alternatives.