An anonymous director reports

DIVIDEND GROWTH SPLIT CORP. RENEWS AT-THE-MARKET EQUITY PROGRAM

Dividend Growth Split Corp. has renewed its at-the-market equity program (ATM program) so that the fund can issue Class A and preferred shares to the public from time to time, at the fund's discretion. This ATM program replaces the prior program established in January, 2025, that has terminated. Any Class A shares or preferred shares sold under the ATM program will be sold through the Toronto Stock Exchange or any other marketplace in Canada on which the Class A shares and preferred shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A shares and preferred shares through the ATM program will be made pursuant to the terms of an equity distribution agreement dated Jan. 12, 2026, with RBC Capital Markets (the agent).

Sales of Class A Shares and preferred shares will be made by way of at-the-market distributions as defined in National Instrument 44-102, Shelf Distributions, on the TSX or on any marketplace for the Class A shares and preferred shares in Canada. Since the Class A shares and preferred shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM program is being offered pursuant to a prospectus supplement dated Jan. 12, 2026, to the fund's short-form base shelf prospectus dated Jan. 12, 2026. The maximum gross proceeds from the issuance of the shares will be $250-million for each of the Class A and preferred shares. Copies of the prospectus supplement and the short-form base shelf prospectus may be obtained from your registered financial adviser or from representatives of the agent and are available on SEDAR+.

The volume and timing of distributions under the ATM program, if any, will be determined at the fund's sole discretion. The ATM program will be effective until Feb. 12, 2028, unless terminated prior to such date by the fund. The fund intends to use the proceeds from the ATM program in accordance with the investment objectives and investment strategies of the fund, subject to the investment restrictions of the fund.

The fund invests in a portfolio consisting primarily of equity securities of Canadian dividend growth companies. In addition, the fund may hold up to 20 per cent of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Ltd. In order to qualify for inclusion in the portfolio, at the time of investment, each dividend growth company included in the portfolio must have: (i) a market capitalization of at least $2-billion; and (ii) a history of dividend growth or, in the manager's view, have high potential for future dividend growth.

The investment objectives for the Class A shares are to provide holders with regular monthly cash distributions targeted to be at least 10 cents per Class A share and to provide the opportunity for growth in the net asset value per Class A share.

Over the past 10 years, the Class A shares have delivered a 19.1-per-cent-per-annum total return based on net asst value, outperforming the S&P/TSX Composite Total Return Index by 6.4 per cent per annum.

The investment objectives for the preferred shares are to provide holders with fixed cumulative preferential quarterly cash distributions in the amount of 16.875 cents per preferred share (6.75 per cent per annum on the original $10 issue price) and to return the original issue price to holders of preferred shares on Aug. 30, 2029.

The preferred shares have returned 5.7 per cent per annum over the past 10 years. Based on the most recently calculated net asset value per unit of the fund on Jan. 8, 2026, the preferred shares have downside protection from a decline in the value of the fund's portfolio of approximately 44 per cent.

We seek Safe Harbor.