Ms. Keera Hart reports

BIG BANC SPLIT CORP. ANNOUNCES CLASS A SHARE SPLIT

Big Banc Split Corp. intends to complete a stock split of its Class A shares due to the strong performance of the fund's Class A shares. Class A shareholders of record at the close of business on May 1, 2026, will receive 20 additional Class A shares for every 100 Class A shares held. The share split is subject to the approval of the Toronto Stock Exchange.

Following completion of the share split, the Class A shares are expected to begin trading on an ex-split basis at the opening of trading on May 4, 2026. No fractional Class A shares will be issued. Any fractional entitlement will be rounded down to the nearest whole Class A share. The share split applies only to the Class A shares. The preferred shares of the fund will not be affected. Following the completion of the share split, the preferred shares of the fund are expected to have downside protection from a decline in the value of the fund's portfolio of approximately 60 per cent (based on the net asset value of the Class A shares used to determine the share split ratio).

Class A unitholders will continue to receive regular monthly non-cumulative cash distributions initially in the amount of 12 cents per Class A share ($1.44 per annum) following the share split. As a result, the total dollar amount of distributions to be paid to the holders of Class A shares is expected to increase by approximately 20 per cent.

Since its inception on June 24, 2020, the Class A shares have delivered a 23.4-per-cent per annum total return based on net asset value, outperforming the S&P/TSX Composite Total Return Index by 6.2 per cent per annum.

Big Banc Split provides investors with exposure to an equally weighted portfolio of Canada's big six banks through Class A and preferred shares issued by the corporation. The fund may write covered calls on up to 30 per cent of the portfolio to enhance income and reduce volatility. The Class A shares are intended to provide regular monthly cash distributions and the opportunity for capital appreciation. The preferred shares are intended to provide fixed cumulative preferential monthly cash distributions.

We seek Safe Harbor.