• Seeking Securityholder approval for up to 25% buyback of issued Stapled Securities
• Successful completion of US tax structure review, reducing net deferred tax liability
• Asset sales program target increased to US$200-US$225 million for 2025

The US Masters Residential Property Fund is holding a General Meeting on 3 April 2025 to seek Securityholder approval for a buyback of up to 25% of its issued Stapled Securities over the 12 months following the meeting, unless terminated earlier by the Responsible Entity. The purpose of the buyback is to return capital to Securityholders in a timely and efficient manner. The announcement also details the successful completion of a US tax structure review, which has reduced the Group's net deferred tax liability from A$40.2 million to A$3.5 million. This structural change is expected to enhance the Group's ability to execute its strategy and maximize returns for investors. Additionally, the Group has increased its 2025 asset sales target to US$200-US$225 million, up from US$150 million in 2024, reflecting a strong commitment to returning capital to Securityholders. The sales pipeline as of 1 April 2025 stands at US$198.4 million, comprising closed sales, assets under contract, actively listed properties, and assets soon to be listed. The announcement also provides details on the Group's capital management, including its quarterly buyback program and cash balances.

The Group has increased its 2025 asset sales target to US$200-US$225 million, up from US$150 million in 2024, reflecting a strong commitment to returning capital to Securityholders.