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 |
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.