Currency Change

Beginning in January 2016, Milestone Apartments REIT changed from reporting and paying distributions in $ Cdn to $ US. After numerous attempts to get the exact dates of the currency conversions, we were forced to use the information from their press release which simply stated that the conversion date would be "approximately three business days before distribution date". Although the currency conversion rate may be not 100% accurate, we are confident that it is so close that it will be very acceptable.