06:05 AM EDT, 09/18/2025 (MT Newswires) -- Dream Impact Trust (MPCT-UN.TO) late Wednesday said it has appointed Derrick Lau as chief financial officer, effective Sept. 19.

Lau currently serves as the CFO of Dream Residential Real Estate Investment Trust (DRR-U.TO) and has over 15 years of experience in the real estate industry.

Meaghan Peloso will continue to provide strategic support to the trust as CFO of Dream, Dream Impact's asset manager.

In addition, Dream Impact and the beneficial holders of the trust's 5.50% convertible unsecured subordinated debentures due July 31, 2026, have agreed to extend and amend certain terms of the debentures.

All of the debentures are beneficially owned by controlled affiliates of Fairfax Financial Holdings. Dream Impact and Fairfax have agreed to extend the maturity date to July 31, 2031.

The interest rate of the debentures will also change to 6.50% and the conversion price will be adjusted to $2.75 per unit.

Under the amended terms, the trust will have the right as its sole option to satisfy any conversion request in cash in lieu of delivering units of the trust that would otherwise be issuable on conversion.

The amendments will be subject to approval of the TSX and of a majority of the votes cast at a special meeting of unit holders, among other customary closing conditions. The special meeting is scheduled for fall 2025.

The amendments will also require the consent of holders of not less than 66.67% of the principal amount of all outstanding debentures.

The amendments are expected to be effective in late 2025 or early 2026.