| Asset type | Social infrastructure |
| Status | Operational |
| Asset Description | 90% interest in three continuing care facilities representing approximately 200 beds located in Alberta. Axium’s partner in this transaction, Optima Living, will own the remaining 10% interest and operate the facilities. Four additional continuing care facilities are expected to be added to this new joint venture in Q1 2021. |
| Asset Revenues | Continuing care facilities in Alberta are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis. |
| Counterparty | Alberta provincial health ministry. |
| Asset type | Social infrastructure |
| Status | Operational |
| Asset Description | 80% interest in five continuing care facilities representing approximately 1,400 beds located in Alberta. The original owner, AgeCare, continues to own 20% and remains the operator of these facilities. Continuing care in Alberta is comprised of two types of services, long-term care (“LTC”) and supportive living (“SL”), which are both represented in the portfolio. |
| Asset Revenues | Continuing care facilities in Alberta are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis. |
| Counterparty | Alberta provincial health ministry. |
| Asset Type | Energy Infrastructure |
| Status | Operational |
| Asset Description | 5 solar PV facilities with 69 MW DC of aggregate generation capacity. Facilities are located in California and Georgia. The projects were originally developed by smaller solar companies and subsequently sold to RETC. |
| Asset Revenues | All of the assets benefit from long-term, fixed-price contracts with creditworthy counterparties, and terms ranging from 15 to 25 years. |
| Counterparty | Georgia Power, Imperial Irrigation District, Modesto Irrigation District |
| PPA Expiry | 2027 to 2037 (15 years, 20 years and 25 years following COD) |
| Asset Type | Energy Infrastructure |
| Status | Operational |
| Asset Description | 100 MW wind farm with 50 E82 Enercon Turbines |
| Asset Revenues | 100% of power produced is sold under a 20-year Power Purchase Agreement (PPA). |
| Conterparty | Hydro-Québec |
| PPA Expiry | 2033 (20 years following COD) |
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