Dream Impact Trust Announces $40 Million Impact Debenture Offering This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, May 31, 2022 (GLOBE NEWSWIRE) -- DREAM IMPACT TRUST (TSX: MPCT ) ("Dream Impact", "we", "our" or the "Trust") today announced that it has entered into an agreement to sell, to a syndicate of underwriters led by TD Securities Inc. and Scotiabank, $40 million principal amount of 5.75% convertible impact unsecured subordinated debentures of the Trust due December 31, 2027, (the "Debentures") at a price of $1,000 per Debenture (the "Offering"). The closing of the Offering is expected on or about June 9, 2022. The Debentures will bear interest at a rate of 5.75% per annum, payable semi-annually on June 30 and December 31 each year, commencing on December 31, 2022. The Debentures will be convertible at the holder''s option into units of the Trust ("Units") at a conversion price of $8.00 per Unit representing a conversion rate of 125.0000 Units per $1,000 principal amount of Debentures.