Morguard North American Residential Real Estate Investment Trust Announces COVID-19 Precautionary Measures for its Upcoming Annual Unitholders' Meeting

Unitholders are Encouraged to Join the Webcast or Teleconference of the Meeting and Vote in Advance of the Proxy Cut-off

Voting Will Not be Available Via Webcast or Teleconference

MISSISSAUGA, ON, April 28, 2020 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) announced today that its annual meeting (the "Meeting") of unitholders (the "Unitholders") of the REIT to be held on Wednesday, May 6, 2020 at 9:00 a.m. (EDT), will be held at Rattlesnake Point Golf Club, 5407 Regional Road 25, Milton, Ontario, and will be available via live webinar.

We are closely monitoring the COVID-19 pandemic and are sensitive to the public health and travel concerns our Unitholders may have, as well as the directives from Canadian public health officials on physical distancing. In response to these concerns and directives, and in efforts to protect the safety of our people and our Unitholders, a live webinar and teleconference of the Meeting will be available at the link noted below. Morguard North American Residential Real Estate Investment Trust's Management Information Circular dated March 12, 2020 (the "Circular") and proxy-related materials are available on SEDAR at www.sedar.com and will not be updated to reflect the additional format of the Meeting and may continue to be used by Unitholders to vote.

The webinar platform will not support the casting of votes and so this year, more than ever, Unitholders are strongly encouraged to vote in advance of the Meeting using one of the methods described in the voting instruction form or the form of proxy accompanying the Circular. Please refer to the "Voting Information" section of the Circular for additional details on how to vote in advance of the Meeting. All Unitholders are encouraged to attend the Meeting via webinar.

In light of COVID-19, Unitholders are encouraged NOT to attend the Meeting in person if at all possible. The ability of Unitholders to attend the Meeting in person is also subject to any governmental orders applicable at the time of the Meeting which might prevent or restrict Unitholders or proxyholders from attending in person.

Unitholders will be able to ask questions of management through the webinar and teleconference at the conclusion of the Meeting as usual.

Instructions for Attending the Live Webcast:

Unitholders will be able to participate in the Meeting through an online platform that will be made accessible through Morguard's website at www.morguard.com/agm2020.

Instructions for Attending the Live Teleconference:

Participant Number (International/local Toronto): 416-764-8650
Participant Number (Toll free Canada/U.S.): 1-888-664-6383
Meeting ID: 28883401

As physical in-person attendance at the Meeting may not be possible, Unitholders are strongly encouraged not to appoint a proxyholder other than the proxyholders named in the proxy form or voting instruction form (the "Management Nominees") to participate in and vote during the Meeting. Unitholders that have appointed a proxyholder, other than the Management Nominees, should visit our Meeting website at www.morguard.com/agm2020 for more information.

If you plan on participating in the Meeting through the online platform, you should allow ample time to log in prior to the Meeting. The Meeting will begin promptly at 9:00 a.m. (EDT) on May 6, 2020, unless it is adjourned or postponed.

The REIT is monitoring developments regarding the COVID-19 pandemic. In the event the REIT decides any change to the date, time, location or format of the Meeting are necessary or appropriate due to difficulties arising from COVID-19, the REIT will promptly notify Unitholders of the change by issuing a news release, a copy of which will be available on the REIT website at www.morguard.com and on SEDAR at www.sedar.com.

Unitholders are encouraged to visit www.morguard.com/agm2020 for any further updates in advance of the Meeting.

About Morguard North American Residential Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland.

Forward-Looking Statements Disclaimer
Statements contained herein that are not based on historical or current fact, including without limitation, statements containing the words "anticipate", "believe", "may", "continue", "estimate", "expects", "will" and words of similar expression, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the REIT operates; changes in business strategy or development/acquisition plans; environmental exposures; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against the REIT; and other factors referred to in the REIT's filings with Canadian securities regulators. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The REIT does not assume the obligation to update or revise any forward-looking statements.

For more information, visit www.morguard.com

SOURCE Morguard North American Residential Real Estate Investment Trust