On June 20, 2025, Choice Properties Real Estate Investment Trust (the “REIT”) filed a short form base shelf prospectus (the “Prospectus”), allowing it to offer and issue, from time to time over a 25-month period, trust units (“Units”) and debt securities (“Debt Securities”)—including Debt Securities convertible into or exchangeable for Units. “George Weston Limited (“Weston”) or certain of its subsidiaries may also offer Units beneficially owned by or issuable to them on the exchange of Class B limited partnership units of Choice Properties Limited Partnership (the “Partnership”), one of the REIT’s operating subsidiaries.” This Prospectus qualifies the distribution of Securities by the REIT and by Weston and its subsidiaries which are selling unitholders.

There is no specified transaction value as the Prospectus enables flexible offerings through multiple potential tranches and issuance types, including fixed-price and at-the-market distributions, with terms to be disclosed in future prospectus supplements. As of June 19, 2025, the REIT had 328,024,272 Units and 395,786,525 exchangeable Class B LP Units outstanding.

Certain legal matters relating to the offering of the Securities will be passed upon on behalf of the REIT by Torys LLP. As of the filing date, Torys LLP’s partners and associates beneficially owned, directly or indirectly, less than 1% of the REIT’s outstanding securities.

No transaction value is explicitly stated in the filing.