Mr. Jonathan McGuire reports

GLOBAL X LAUNCHES WORLD'S FIRST COPPER COVERED CALL ETF

Global X Investments Canada Inc. has launched the Global X Copper Producer Equity Covered Call ETF, the world's first exchange-traded fund to offer exposure to copper producers alongside a covered call overlay. Units of the ETF begin trading today on the Toronto Stock Exchange under the ticker symbol CPCC.

One of the world's oldest industrial metals, copper is an essential input for infrastructure and technology manufacturing, including for the rapid growth of electrical and data centres required to support artificial intelligence demand. In November, 2025, the U.S. Geological Survey added copper to its list of critical minerals, reflecting its importance to the U.S. economy and national security and potentially paving the way for greater domestic investment and restrictions on international imports, which could boost price and volatility for the metal.

"Copper is one of the best metals to take a covered call approach on, given its historical volatility," said Chris McHaney, executive vice-president, head of investment management and strategy, at Global X. "Supply and demand factors can result in larger month-to-month movements, which options writing strategies can harness to generate above-average option premium yields for investors. Meanwhile, the long-term trends of AI demand and national security priority mean that investors could expect to be meaningfully rewarded for maintaining a position in this critical mineral."

Global X Copper Producer Equity Covered Call ETF

CPCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of a broad range of copper mining companies globally; and (b) at least monthly distributions of dividend income and call option premiums. To mitigate downside risk and generate premiums, CPCC employs a dynamic covered call option writing program.

To mitigate downside risk through hedging and generate additional yield, the manager actively manages a covered call strategy that will generally write out-of-the-money call options, at its discretion, on up to approximately 50 per cent of the value of CPCC's portfolio.

More details about the ETF are described in the table below:

Today's launch of CPCC builds on Global X's leadership in the copper-focused investment space, including its launch of the Global X Copper Producers Index ETF (COPP) -- Canada's first ETF to provide exposure to companies involved in copper mining -- on May 11, 2022. In 2010, the manager was also the first in North America to offer futures-based ETF exposure to the price of copper, including funds that offered leveraged and inverse-leveraged exposure.

"Our long-standing leadership and expertise on commodities, copper and covered calls means that we are uniquely qualified among the world's asset managers to bring CPCC to market and to deliver this strategy successfully," said Mr. McHaney. "For investors who believe that copper is critical to global infrastructure expansion and would like to be rewarded with consistent income because of their conviction on this metal, CPCC represents the first and currently only ETF where you can achieve that."

The ETF closed its initial offering of units to their designated broker and will begin trading today on the TSX.

Commissions, management fees and expenses all may be associated with an investment in products managed by Global X Investments Canada Inc. The Global X funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X funds may have exposure to leveraged investment techniques that magnify gains and losses, which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corp., the Federal Deposit Insurance Corp. or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X funds. Please read the relevant prospectus before investing.

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