Mr. Michael Capombassis reports

BRISTOL GATE CAPITAL PARTNERS INC. ANNOUNCES FINAL ANNUAL REINVESTED DISTRIBUTIONS FOR BRISTOL GATE ETFS

Bristol Gate Capital Partners Inc. today declared the final annual 2024 reinvested distributions for the Bristol Gate exchange-traded funds (the Bristol Gate ETFs).

Unitholders of record on Dec. 31, 2024, received notional distributions representing net investment income and/or realized capital gains within the Bristol Gate ETFs for the 2024 taxation year. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution and the number of units held after the distribution is identical to the number of units held before the distribution.

The taxable amounts of reinvested distributions for 2024, including tax characteristics of the distributions, will be reported to brokers through Clearing and Depository Services (CDS) within the first 60 days of 2025. All values are expressed in Canadian dollars, unless otherwise indicated. This information is not intended to provide legal, accounting, tax, investment, financial or other advice, and should not be relied upon for providing such advice.

Details of the per-unit reinvested distributions for the Bristol Gate ETFs are as shown in the attached table.

About Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners is an independent, employee-owned, Toronto-based investment management company serving individual and institutional clients. The firm uses predictive machine learning in combination with fundamental analysis to identify high-quality companies that have the capacity and willingness to significantly increase their dividends in the year ahead. Bristol Gate Capital Partners currently manages $3.4-billion in AUM/AUA (assets under management/assets under administration) across a United States equity strategy and a Canadian equity strategy and manages an ETF following each strategy.