TRANSCONTINENTAL REALTY INVESTORS, INC. PROXY SUMMARY

The Annual Meeting of Stockholders is scheduled for December 10, 2025.

• Proposals & Board Recommendation:
  • Proposal 1: Election of five incumbent directors. Board recommends FOR.
  • Proposal 2: Ratification of Farmer, Fuqua & Huff, P.C. as independent auditors for FY 2025. Board recommends FOR.

Critical Investor Information:

• Related parties control approximately 86.44% (7.47M shares) of outstanding stock and intend to vote FOR both proposals.
• Governance Structure: The Com