June 11, 2026
Brookstone Investment Corporation (“Brookstone”) is pleased to report that it has completed the sale of its ownership interest in the Safety First Projects 2 joint venture (IGA Blackfalds). The transaction closed on June 1, 2026, and generated approximately $2.0MM of net cash proceeds.
As at December 31, 2025, Brookstone reported, on fully consolidated basis, approximately $4.7MM in assets, and approximately $1.0MM in liabilities, attributed to this joint venture.
Brookstone owned 53.33% of the joint venture units. Therefore, on a proportionately consolidated basis, the sale reduces assets by $2.5MM and reduces liabilities by $0.5MM.
While the Safety First Projects 2 investment property has been a stable contributor to the portfolio, this disposition is consistent with Brookstone’s strategy of focusing only on directly owned investment properties. With the completion of this sale, Brookstone has now exited all its previous joint venture property investments.
The proceeds from the transaction are expected to be redeployed into commercial property opportunities that offer strong financial return potential and are consistent with Brookstone’s disciplined capital allocation approach.
About Brookstone Investment Corporation
Headquartered in Innisfail Alberta, Brookstone has become known for its focus on sustainable long-term returns through active management and strategic capital deployment. The Company, an exempt market issuer, is dedicated to delivering exceptional value for its investors.
This update is provided for informational purposes only. Brookstone is an exempt market issuer under National Instrument 45-106, and this communication does not constitute an offer to sell or a solicitation to buy any securities.
