Ravelin Properties REIT Receives Final Order Approving Plan of Arrangement with Clarke Inc.

Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Ravelin Properties REIT (TSX: RPR.UN) (the "REIT") announces that the Ontario Superior Court of Justice (Commercial List) issued a final order today (the "Final Order") in connection with the previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), pursuant to which Clarke Inc. will acquire all of the outstanding units of the REIT (the "REIT Units") and all of the REIT's outstanding 9.00% convertible unsecured subordinated debentures, 5.50% convertible unsecured subordinated debentures and 7.50% convertible unsecured subordinated debentures (collectively, the "REIT Debentures", and together with the REIT Units, the "REIT Securities"). The Final Order was the final substantive approval required prior to the closing of the Arrangement.