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Morguard announces completion of $250 million offering of 4.307% series J senior unsecured debentures. Jun 18, 2026, 08:10 ET /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ MISSISSAUGA, ON, June 18, 2026 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) is pleased to announce the successful completion of its previously announced issuance of $250 million aggregate principal amount of series J senior unsecured debentures. These debentures bear interest at a rate of 4.307% per annum and will mature on June 18, 2029. The debentures were offered on an agency basis by a syndicate of agents with RBC Capital Markets and TD Securities acting as joint bookrunners and co-lead agents. Morningstar DBRS has provided a rating of "BBB (low)" with a "Stable" trend relating to the debentures. The net proceeds of the offering will be used towards the early redemption on June 22, 2026 of all of Morguard's outstanding 9.5% Series H senior unsecured debentures due September 26, 2026, and for general corporate purposes. Angela Sahi, President and Chief Executive Officer, commented: "This offering marks an important milestone for Morguard as our first unsecured debenture issuance since regaining an investment grade rating. The strong support we received from institutional investors reflects confidence in the quality of our real estate platform, our disciplined approach to capital allocation and our long-term strategy. We are grateful for the trust placed in Morguard and remain focused on creating long-term value for our shareholders, partners and investors." Paul Miatello, Chief Financial Officer and Senior Vice President, added: "The offering was exceptionally well received, generating more than $1.3 billion of investor demand and resulting in the largest order book in Morguard's history. This strong market reception enabled us to secure financing at an attractive 4.307% coupon rate, significantly reducing our cost of debt relative to the debentures being redeemed. The transaction further enhances our financial flexibility and demonstrates the tangible benefits of the improvements we have made to our balance sheet and credit profile." The offering was made on a private placement basis in each of the provinces of Canada, and the debentures were issued pursuant to Morguard's trust indenture dated December 10, 2013, as supplemented. The debentures rank pari passu with Morguard's outstanding senior unsecured debentures. The debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. For more information, visit Morguard's website at www.morguard.com. Forward-looking information Certain information in this press release may constitute forward-looking statements, including statements regarding the outlook for Morguard's business and results of operations, that are not based on historical or current fact, including, without limitation, statements containing the words "anticipates," "believes," "may," "continue," "estimate, "should", "expects" and "will" and words of similar expression. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy or development/acquisition plans; environmental exposures; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against Morguard; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Morguard does not assume the obligation to update or revise any forward-looking statements. SOURCE Morguard Corporation For further information, please contact: Morguard Corporation, Angela Sahi, President and Chief Executive Officer, T 905-281-3800; Paul Miatello, Chief Financial Officer and Senior Vice President, T 905-281-3800; Beverley G. Flynn, Senior Vice President and General Counsel, T 905-281-3800

Morguard receives the 2026 Community Matters Award. June 16, 2026 The Abbotsford Board of Education is proud to recognize Morguard as the recipient of the 2026 Community Matters Award for its ongoing commitment to supporting students and families across the Abbotsford School District through its management of Sevenoaks Shopping Centre. The Community Matters Award is presented annually to an individual or organization that has demonstrated an exceptional and deliberate commitment to supporting the success and well-being of Abbotsford School District students. Nominations for the Community Matters Award were accepted from January 2026 through April 2026. A total of fifteen nominations were received for the 2026 Community Matters Award. The Award Selection Committee reviewed all submissions. Following a thoughtful review, the Selection Committee recommended selecting the Morguard - Sevenoaks Shopping Centre as the 2026 award recipient. Since 2020, Morguard has made a significant and deliberate contribution to Abbotsford School District students by donating over $15,000 to support school meal programs. This generous support has had a lasting impact on the well-being and academic success of its students. By ensuring access to nutritious meals, Morguard has played a vital role in supporting students' physical health and cognitive development - helping to create a more equitable learning environment where all students have the opportunity to thrive. With the introduction of the Feeding Futures program to fund school meals, Morguard has continued their generous support by shifting their contributions to the District's literacy initiatives, providing books for students across the community. Morguard remains a valued and steadfast partner, consistently demonstrating their commitment to the children and families of Abbotsford. As the management company behind Sevenoaks Shopping Centre, Morguard has consistently demonstrated a commitment to investing in the well-being and success of Abbotsford's children. Its sustained support over the past six years reflects the spirit of the Community Matters Award and highlights the positive impact community partnerships can have on student achievement and well-being. The Abbotsford School District extends its sincere appreciation to Morguard and the Sevenoaks Shopping Centre team for their continued generosity and dedication to supporting students in its community. Congratulations to Morguard on receiving the 2026 Community Matters Award.

Morguard announces $250 million offering of 4.307% series J senior unsecured Debentures and early redemption of Series H senior unsecured debentures. Jun 11, 2026, 18:20 ET /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ MISSISSAUGA, ON, June 11, 2026 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today that it has agreed to issue $250 million aggregate principal amount of series J senior unsecured debentures. These debentures will bear interest at a rate of 4.307% per annum and will mature on June 18, 2029. The anticipated closing date of the transaction is June 18, 2026. The debentures are being offered on an agency basis by a syndicate of agents with RBC Capital Markets and TD Securities acting as joint bookrunners and co-lead agents. Morningstar DBRS has assigned a provisional rating of "BBB (low)" with a "Stable" trend relating to the debentures. Morguard also announced that it will redeem all of its outstanding 9.5% Series H senior unsecured debentures due September 26, 2026 (the "2023 Debentures") on June 22, 2026 (the "Redemption Date"). The net proceeds of the offering will be used towards the early redemption of the 2023 Debentures and for general corporate purposes. The redemption price has been determined in accordance with the provisions of the trust indenture dated December 10, 2013 (the "Trust Indenture") and the supplemental indenture related to the 2023 Debentures. The redemption price will be paid in cash and is approximately $1,014.753 per $1,000 principal amount of 2023 Debentures, together with accrued and unpaid interest on the 2023 Debentures up to, but excluding, the Redemption Date. Notice of redemption has been delivered today, June 11, 2026, to CDS & Co. ("CDS") and the trustee, Computershare Trust Company of Canada. Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the 2023 Debentures through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the 2023 Debentures through CDS on their behalf. The offering is being made on a private placement basis in each of the provinces of Canada, and the debentures will be issued pursuant to the Trust Indenture, as supplemented. The debentures will rank pari passu with Morguard's outstanding senior unsecured debentures. The debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. For more information, visit Morguard's website at www.morguard.com. Forward-looking information Certain information in this press release may constitute forward-looking statements, including statements regarding the outlook for Morguard's business and results of operations, that are not based on historical or current fact, including, without limitation, statements containing the words "anticipates," "believes," "may," "continue," "estimate, "should", "expects" and "will" and words of similar expression." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy or development/acquisition plans; environmental exposures; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against Morguard; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Morguard does not assume the obligation to update or revise any forward-looking statements. SOURCE Morguard Corporation For further information, please contact: Morguard Corporation, Angela Sahi, President and Chief Executive Officer, T 905-281-3800; Paul Miatello, Chief Financial Officer and Senior Vice President, T 905-281-3800; Beverley G. Flynn, Senior Vice President and General Counsel, T 905-281-3800