On April 21, 2026, Dream Industrial REIT closed a private placement of C$200 million aggregate principal amount of 4.150 percent Series H senior unsecured debentures, maturing on April 22, 2031. The offering was first announced and priced on April 14, 2026. The debentures pay interest on April 22 and October 22 of each year, commencing October 22, 2026, and are rated BBB (high) with a Stable Trend by DBRS, Inc. In connection with the offering, the Trust entered into forward cross-currency interest rate swap arrangements to swap the proceeds into euros, lowering the effective fixed interest rate on the Series H debentures to 4.003 percent. The Trust intends to use the net proceeds to repay existing indebtedness, including amounts drawn under its revolving credit facility in connection with the repayment at maturity of the Trust's 3.968 percent Series E debentures (due April 13, 2026), and for general trust purposes. The debentures were issued on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., and National Bank Financial Inc., and including BMO Nesbitt Burns Inc., Desjardins Securities Inc., and Mizuho Securities Canada Inc.