The Toronto Stock Exchange reports that the board of directors of Big Banc Split Corp. has approved an extension of the maturity date of the Class A shares and preferred shares of the company for an additional three-year term to Nov. 30, 2029. Accordingly, holders of the Class A shares and preferred shares of the company can elect to have their shares retracted on Nov. 30, 2026, for a cash amount equal to:

• For each Class A share held, the greater of: (i) the net asset value per unit (being a notional unit consisting of one preferred share and one Class A share) on that date minus the sum of $10 plus any accrued and unpaid distributions on a preferred share; and (ii) nil;
• For each preferred share held, the lesser of: (i) $10, plus any accrued and unpaid distributions thereon; and (ii) the net asset value of the company on that date divided by the number of preferred shares then outstanding.

The election deadline is 5 p.m. Toronto time on Oct. 31, 2026. Trades from 9:30 a.m. Toronto time to 12 p.m. Toronto time on Oct. 30, 2026, will settle on the same day.

As the Class A shares and preferred shares were issued in book-entry-only form and are held through CDS Clearing and Depository Services Inc., the exact procedure for electing the special retraction right will be as determined by the broker, dealer, bank, trust company or other nominee through which the shareholder holds its shares. Shareholders should contact their broker, dealer, bank, trust company or other nominee as soon as possible to confirm their deadline and for instructions on how to exercise the special retraction right, if they desire to do so. Shareholders who do not elect to exercise their special retraction right prior to the deadline set by their broker, dealer, bank, trust company or other nominee will retain their investment in the company.

In order to maintain the same number of Class A shares and preferred shares outstanding: (a) if more preferred shares than Class A shares have been redeemed pursuant to the special retraction right, the company may redeem Class A shares on a pro rata basis; and (b) if more Class A shares than preferred shares have been redeemed pursuant to the special retraction right, the company may issue additional Class A shares. The TSX will issue a further bulletin if the company is to redeem Class A shares. For more information, see the company's news release dated Sept. 28, 2026.