On April 10, 2026, Dream Summit Industrial LP, the limited partnership owned 90 percent by GIC (Singapore's sovereign wealth fund) and 10 percent by Dream Industrial REIT, closed a private placement of $250 million aggregate principal amount of 3.959 percent Series I senior unsecured debentures, maturing on April 10, 2029. The offering was first announced and priced on April 6, 2026. The debentures pay interest semi-annually on April 10 and October 10 of each year, commencing on October 10, 2026, and are rated BBB with a Stable Trend by DBRS Limited. The debentures are direct senior unsecured obligations of the Partnership and rank equally and ratably with all other unsecured and unsubordinated indebtedness of the Partnership. The Partnership intends to use the net proceeds from the offering to repay existing indebtedness, including amounts drawn under its revolving credit facility in connection with the repayment at maturity of the Partnership's 1.82 percent Series B debentures due April 1, 2026 (assumed by the Partnership in 2023 as successor to Summit Industrial Income REIT), and for general Partnership purposes. The debentures were issued on an agency basis by a syndicate of agents led by RBC Capital Markets, Scotiabank, TD 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.