Annual General Meeting

Watch the 2025 AGM - Skyline Clean Energy Fund video

Wayne Byrd:

Good morning, and welcome to the Annual General Meeting of Unitholders of Skyline Clean Energy Fund, hereinafter referred to as “the Fund”. I’m Wayne Byrd, Chief Financial Officer of both Skyline and the Fund.

It’s a pleasure to have you with us today for our yearly gathering of vested unitholders.

I’m pleased to begin the meeting by introducing Mr. Jason Castellan, Co-Founder and Chief Executive Officer for Skyline and Chairman of the Fund’s Board of Trustees.

Jason Castellan:

Thank you, Wayne, and everyone in attendance. We’re pleased to host this virtual meeting to ensure transparency and engage you in key agenda items that unitholders will soon vote on.

In keeping with the digital approach to this year’s meeting, it’s now 10:30 a.m. Eastern Daylight Time on June 10, 2025, and this meeting is officially called to order.

And now, I would like to introduce the other members of the Board.

We begin with Wayne Byrd, the Chief Financial Officer of Skyline, who has served as one of our Trustees since the Fund’s inception in 2018;

Deborah Whale, who has served as one of our Trustees since 2019;

and Brennan Carson, who has served as one of our Trustees since April 2024.

We’re also joined here today by our independent auditors, RLB LLP.

Finally, the REIT has appointed Broadridge Financial Services Inc. as scrutineer to oversee and manage the electronic voting process.

The Board of Trustees set April 30, 2025, as a record date to determine which unitholders are eligible to vote at today’s meeting. An affidavit has been submitted confirming that as of on or about May 16, 2025, all unitholders [as of the] record date were either emailed or mailed 1) a notice of internet availability for the meeting materials, including the proxy statement and 2024 Annual Report, or 2) the full documents themselves. This affidavit will be included in the official meeting minutes.

The unitholder list shows that as of the record date, there are 14,193,429 units outstanding and entitled to vote at this meeting. We’ve received the Preliminary Scrutineer’s Report, which confirms that over 10% of the voting units are represented in person or by proxy. As such, a quorum is present, and we may proceed with the business of the meeting.

Now, I will present the matters to be voted upon.

Proposal One is the election of Independent Trustees to serve until the 2026 Annual Meeting of Unitholders, or until the successors are duly elected and qualified.

May I have a motion to approve the proposed slate of Independent Trustees?

Wayne Byrd:

I, Wayne Byrd, as a fellow unitholder, move to elect Deborah Whale and Brennan Carson as Trustees of the Fund until the 2026 Annual Meeting of Unitholders.

Jason Castellan:

May I have a seconder for the motion?

Rob Stein:

I, Rob Stein, a fellow unitholder, second the motion.

Jason Castellan:

Thank you. Proposal Two is the appointment of RLB LLP as auditors of the [Fund]. Can I have a motion to reappoint RLB LLP as independent auditors of the Fund?

Wayne Byrd:

I, Wayne Byrd, move to reappoint RLB LLP as independent auditors of the Fund.

Jason Castellan:

May I have a seconder for the motion?

Rob Stein:

I, Rob Stein, second the motion.

Jason Castellan:

Thank you, everyone. It is now 10:34 a.m. Eastern Time on June 10, 2025, and the polls are now open for voting on the previously mentioned proposals. Any unitholder who hasn’t yet voted or wishes to change their vote may do so by clicking on the “Vote Here” button on the web portal and following the instructions there. You must click “Submit” for your vote to be counted.

Unitholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. We’ll provide the following two minutes to allow for voting to take place.

Now that the unitholders have had the opportunity to vote, the polls for the 2025 Annual Meeting are now closed. With a significant number of votes now tabulated, we have been informed by the Inspector of Election that the preliminary vote report results show all Board nominees have been duly elected, and RLB LLP has been reappointed as the Fund’s auditor.

There being no further business to come before the meeting, the Annual Meeting of Unitholders of Skyline Clean Energy Fund is now adjourned.

Wayne Byrd:

Thanks, Jason. That concludes our meeting for Skyline Clean Energy Fund. Thank you all for your attendance today and for your ongoing support.

I’d like to invite viewers to visit SkylineAGM.ca at 11:00 a.m. today for the President’s discussion and further insight into the Fund’s performance in 2024. I will be joined by Rob Stein to discuss the operational highlights and strategic outlook.

Thank you again for attending and have a wonderful day.

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