Distributions | Minto Apartment REIT

2022

Month	Record Date	Payment Date	Amount
January	January 31, 2022	February 15, 2022	$0.03958
February	February 28, 2022	March 15, 2022	$0.03958
March	March 31, 2022	April 14, 2022	$0.03958
April	April 30, 2022	May 16, 2022	$0.03958
May	May 31, 2022	June 15, 2022	$0.03958
June	June 30, 2022	July 15, 2022	$0.03958
July	July 31, 2022	August 15, 2022	$0.03958
August	August 31, 2022	September 15, 2022	$0.03958
September	September 30, 2022	October 14, 2022	$0.03958
October	October 31, 2022	November 15, 2022	$0.03958
November	November 30, 2022	December 15, 2022	$0.04083

2021

Month	Record Date	Payment Date	Amount
January	January 31, 2021	February 16, 2021	$0.03792
February	February 28, 2021	March 15, 2021	$0.03792
March	March 31, 2021	April 15, 2021	$0.03792
April	April 30, 2021	May 14, 2021	$0.03792
May	May 31, 2021	June 15, 2021	$0.03792
June	June 30, 2021	July 15, 2021	$0.03792
July	July 31, 2021	August 16, 2021	$0.03792
August	August 31, 2021	September 15, 2021	$0.03792
September	September 30, 2021	October 15, 2021	$0.03792
October	October 31, 2021	November 15, 2021	$0.03792
November	November 30, 2021	December 15, 2021	$0.03958
December	December 31, 2021	January 14, 2022	$0.03958

2020

Month	Record Date	Payment Date	Amount
January	January 31, 2020	February 14, 2020	$0.03667
February	February 29, 2020	March 16, 2020	$0.03667
March	March 31, 2020	April 15, 2020	$0.03667
April	April 30, 2020	May 15, 2020	$0.03667
May	May 31, 2020	June 15, 2020	$0.03667
June	June 30, 2020	July 15, 2020	$0.03667
July	July 31, 2020	August 14, 2020	$0.03667
August	August 31, 2020	September 15, 2020	$0.03792
September	September 30, 2020	October 15, 2020	$0.03792
October	October 31, 2020	November 16, 2020	$0.03792
November	November 30, 2020	December 15, 2020	$0.03792
December	December 31, 2020	January 15, 2021	$0.03792

2019

Month	Record Date	Payment Date	Amount
December	December 31, 2019	January 15, 2020	$0.03667
November	November 30, 2019	December 16, 2019	$0.03667
October	October 31, 2019	November 15, 2019	$0.03667
September	September 30, 2019	October 15, 2019	$0.03667
August	August 31, 2019	September 16,2019	$0.03667
July	July 31, 2019	August 15,2019	$0.03416
June	June 30, 2019	July 15, 2019	$0.03416
May	May 31, 2019	June 14, 2019	$0.03416
April	April 30, 2019	May 15, 2019	$0.03416
March	March 31, 2019	April 15, 2019	$0.03416
February	February 28, 2019	March 15, 2019	$0.03416
January	January 31, 2019	February 15, 2019	$0.03416

2018

Month	Record Date	Payment Date	Amount
December	December 31, 2018	January 15, 2019	$0.03416
November	November 30, 2018	December 14, 2018	$0.03416
October	October 31, 2018	November 15, 2018	$0.03416
September	September 30, 2018	October 15, 2018	$0.03416
August	August 31, 2018	September 17, 2018	$0.03416
July *	July 31, 2018	August 15, 2018	$0.03196

* For the period from the closing of the REIT's IPO on July 3 to July 31

Tax Information

An objective of Minto Apartment REIT is to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis. For Canadian federal income tax purposes, distributions from the REIT will be classified as either income, return of capital, or a combination of income and capital. Unitholders should seek professional advice with respect to the income tax consequences of an investment in the REIT's Units. The REIT will disclose the tax treatment for unitholder distributions by the end of February in each calendar year.