ABOUT US | ALTERNATIVE INVESTMENTS | SEMINARS | INSIGHTS LIBRARY

Edition 10: April 30, 2020Edition 10: April 30, 2020

Your monthly news source for all things Skyline Wealth.

A MESSAGE FROM JASON CASTELLAN, CEO, SKYLINEA MESSAGE FROM JASON CASTELLAN, CEO, SKYLINEGROUP OF COMPANIESGROUP OF COMPANIES

In addition to the countless ways that the events of the pastfew months have impacted our lives, they have given us astark reminder of the fragility of our global ecosystem. Alocal issue can evolve into a provincial, then national, thenglobal issue in a matter of days, with far-reaching impact andever-changing complexity. In order to maintain somesemblance of “normal,” many of us are taking extra care topreserve our physical and mental health. I am proud thatSkyline plays a role in maintaining another important aspectof life: your financial health.

Read Full Address to UnitholdersRead Full Address to Unitholders

Join speakers Jason Castellan, CEO, Skyline Group of Companies and Wayne Byrd, Jason Castellan, CEO, Skyline Group of Companies and Wayne Byrd,CFO, Skyline Group of CompaniesCFO, Skyline Group of Companies as they provide an overview of May's revenue cyclefor each of the Funds, and an update on how the COVID-19 pandemic is impacting our

business.

Webinar Date: Tuesday, May 12th, 2020Webinar Date: Tuesday, May 12th, 2020(2 viewing times available)

REGISTER NOW 2:00 PM ET (11:00AM PT)

REGISTER NOW 4:00 PM ET (1:00PM PT)

All webinar attendees All webinar attendees mustmust register in advance. register in advance.

IN CASE YOU MISSED IT:IN CASE YOU MISSED IT:

SUMMARY POINTS FROM WEBINAR #3SUMMARY POINTS FROM WEBINAR #3

Sign in to the investor login at skylinewealth.cainvestor login at skylinewealth.ca to view:Webinar #3, and all previous webinarsWritten Addresses to Unitholders from Fund PresidentsAll other investor communications

Matthew OrganMatthew OrganPresident, Skyline Apartment REIT:President, Skyline Apartment REIT:

Focused on strengthening capital reserves by deferring non-essential capital spendingand acquisitions where possible; taking advantage of early refinancing opportunitiesamid low interest rates.92% rent collection for April 2020; rental operations continue while respecting socialdistancing procedures.Anticipating continuing strong rental occupancy rates, similar to those during 2008economic crisis.

Michael MackenzieMichael MackenziePresident, Skyline Commercial REIT:President, Skyline Commercial REIT:

Majority of portfolio tenants in sectors essential to Canadian supply infrastructure;

continuing strong operations amid this crisis.92% rent collection for April 2020; due to overall strength of tenant mix, anticipatinghigh collection rates to continue.Anticipating continued growth in demand, and strong performance, for warehousing,logistics, and last-mile delivery sectors of commercial real estate.

Gordon DriedgerGordon DriedgerPresident, Skyline Retail REIT:President, Skyline Retail REIT:

Majority of portfolio tenants (especially grocery & pharmacy) deemed essential; seeingcontinued strong performance within their secondary community locations.Circumstances of crisis have demonstrated resilience of acquisitions strategy;intending to proceed with upcoming acquisitions of properties comprised of essentialservices in secondary markets80% rent collection as at April 22, 2020; management team continues to balancereserves to operate the business with capital for new acquisitions.

Rob SteinRob SteinPresident, Skyline Clean Energy Fund:President, Skyline Clean Energy Fund:

100% revenue collection for April 2020; no present or anticipated disruption in revenuecollection, as factors affecting revenue have seen minimal-to-no impact from the crisisProduction and storage of electricity is deemed essential; assets remain in fulloperation. Fund is well-positioned to continue seeking revenue-producing assets underlong-term contracts.Over next 12 months, the fund anticipates expansion into energy storage, additionaltypes of clean energy to complement current assets.

OPEN FOR INVESTMENT:OPEN FOR INVESTMENT:

Skyline Apartment REITSkyline Apartment REITNext Available Trade Date:

May 15, 2020

View info sheetView info sheet

Skyline Commercial REITSkyline Commercial REITNext Available Trade Date:

May 15, 2020

View info sheetView info sheet

Skyline Retail REITSkyline Retail REITNext Available Trade Date:

May 15, 2020

View info sheetView info sheet

Investment opportunities will be filled on a first come, first serve basis for SkylineApartment REIT, Skyline Commercial REIT, and Skyline Retail REIT.

Don't Miss Out - Get In TouchDon't Miss Out - Get In Touch

INTERESTING READSINTERESTING READS

INVESTMENT EXECUTIVEINVESTMENT EXECUTIVE

Help your client navigate through new RRIFrules

Read more onRead more oninvestmentexecutive.com investmentexecutive.com →

THE CONFERENCE BOARD OF CANADATHE CONFERENCE BOARD OF CANADABank of Canada moves to directly supportprovincial and corporate borrowing

Read more onRead more onconferenceboard.ca conferenceboard.ca →

These links are intended as generic information and do not represent any political or publication affiliations.

NEW TRANSACTIONNEW TRANSACTION

AcquisitionAcquisition

SKYLINE APARTMENT REITSKYLINE APARTMENT REIT

On Tuesday, April 14th, 2020, SkylineApartment REIT purchased two additionalproperties in Kingston, ON.

Read moreRead more →

Start your journey with us.Start your journey with us. Contact UsContact Us

Follow us for the latest Skyline Wealth news and industryFollow us for the latest Skyline Wealth news and industryupdates.updates.

Skyline Wealth Management Inc.

5 Douglas Street, Suite 301

Guelph, ON N1H 2S8

1.888.977.7348 | invest@skylinewealth.ca | www.skylinewealth.ca

The information provided herein is for general information purposes only, and does not constitute an offer of, or solicitation for, the

purchase and sale of any securities under any circumstances. Commissions, trailing commissions, management fees and expenses

all may be associated with investments in exempt market products. Please read the confidential offering documents before

investing. The indicated rate of return is the annualized return including changes in unit value and reinvestment of all distributions

and does not consider sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would

have reduced returns. There is no active market through which the securities may be sold, and redemption requests may be

subject to monthly redemption limits. Exempt market products are not guaranteed, their values change frequently, and past

performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions

should not be confused with an exempt market product’s performance. Distributions paid as a result of capital gains realized by an

exempt market product, and income and dividends earned are taxable in your hands in the year they are paid. Your adjusted cost

base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay

capital gains tax on the amount below zero. Prospective investors must make an independent assessment of such matters in

consultation with their own professional advisors. Nothing in this email should be construed as investment, legal, tax, regulatory or

accounting advice. Skyline Wealth Management Inc. (“Skyline Wealth”) is an Exempt Market Dealer registered in the provinces of

Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island,

Québec, Saskatchewan. Sales of interests in any investments offered by Skyline Wealth are only made to certain eligible investors

pursuant to regulatory requirements and available exemptions. Some of the investment products offered by Skyline Wealth,

including in particular those related to Skyline Apartment Real Estate Investment Trust, Skyline Commercial Real Estate Investment

Trust, Skyline Retail Real Estate Investment Trust, and Skyline Clean Energy Fund are from related issuers. A full list of issuers

related to Skyline Wealth and details of the relationship between them is available upon request.

Certain statements in the commentary contained within could be considered forward-looking information within the meaning of

applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of

risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those

disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general

and local economic and business conditions, the financial condition of tenants, our ability to refinance maturing debt, rental risks,

including those associated with the ability to rent vacant suites, our ability to source and complete accretive acquisitions, and

interest rates. In some instances, forward-looking information can be identified by the use of terms such as “may”, “should”,

“expect”, “will”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potentially”, “starting”, “beginning”, “begun”, “moving”,

“continue”, or other similar expressions concerning matters that are not historical facts.