Morguard Corporation — Proxy Solicitation & Information Statement 2025

Apr 16, 2025

Computershare

LETTER OF CONFIRMATION

April 16, 2025

To: All Canadian Securities Regulatory Authorities

Dear Sirs:

Subject: Morguard Corporation

100 University Avenue
Toronto, Ontario
M5J 2Y1
Toll Free 1-800-564-6253
www.computershare.com

Canada
Australia
Channel Islands
Hong Kong
Germany
Ireland
India
New Zealand
Philippines
South Africa
United Kingdom
USA

We confirm that the following materials were sent by pre-paid mail on April 10, 2025, to the Unitholders of the Corporation:

1. Combined Notice and Information Circular
2. Proxy (to registered holders only)
3. Annual Report (to those who requested)
4. Return Envelope

We also confirm that copies of the above-mentioned materials were sent along with the Supplemental Mailing List Return Card by overnight courier on April 4, 2025, to any financial intermediaries who requested bulk quantities of material in accordance with National Instrument 54-101.

We are providing this confirmation to you in our capacity as agent for the Corporation.

Yours truly,

Computershare Trust Company of Canada

Agent for Morguard Corporation

514-982-7447 (Phone)