Mr. Steve Hawkins reports

LONGPOINT ADDS THE MOAT ACTIVE PREMIUM YIELD ETF

LongPoint Asset Management Inc. and Moat Financial Ltd. have launched the Moat Active Premium Yield ETF (the Moat ETF) on the Toronto Stock Exchange (the TSX) under the symbol (TSX: MOAT). The Moat ETF seeks to provide high income and moderate capital growth primarily by writing put options on a portfolio of North American equity securities.

"LongPoint is thrilled to be working with Moat Financial as co-promoters of the Moat ETF. Combining LongPoint's ETF expertise with Moat Financial's expertise with derivatives-based income strategies has resulted in an active ETF, unique to Canada," said Steve Hawkins, chief executive officer of LongPoint. "The partnership also enables Moat Financial to concentrate on its strengths while LongPoint manages the operational aspects of the ETF. This synergy aims to enhance investment options for Canadian investors seeking income-focused ETF strategies."

The Moat ETF is the fifth ETF (exchange-traded fund) launched under LongPoint's unique ETF partnership platform. The platform is designed for Canadian, United States, and international asset managers and index providers. LongPoint works with partner firms to bring their unique mandates to the Canadian market, benefitting investors and asset managers looking for new opportunities. LongPoint's flexible platform simplifies the launch and operation of ETFs, often a daunting and commercially unviable process for many asset managers, by leveraging the company's deep industry connections and local market insight. This allows the company's partners to focus on their areas of expertise, primarily including portfolio strategy, sales and marketing.

"We are proud to be partnering on the Moat ETF with LongPoint, an innovative ETF manager with a strong operational background and long-standing industry connections," said Chris Thom, chief executive officer and portfolio manager at Moat Financial. "The Moat ETF offers Canadian investors unique access to an active income focused put writing strategy. Our expectation is to be pro-active in our investment decision making, and not follow a restrictive rules-based strategy, which means that we can be highly selective and position for market conditions and company valuations, helping us identify income producing opportunities while remaining aware of downside protection."

The investment objective of the Moat Active Premium Yield ETF is to seek to provide high income and moderate capital growth primarily by writing put options on a portfolio of North American securities and investing, from time to time, directly in these securities. The Moat ETF may use income-producing option strategies on direct securities holdings.

The Moat ETF will primarily write out-of-the-money, shorter-dated cash-secured put options on North American equity securities to provide high income. The put option strike prices and expiry dates will be selected based on volatility, available premiums, underlying interest, as well as company fundamental analysis and valuation.

The Moat ETF will also from time to time directly invest in North American equities at attractive entry opportunities determined by the portfolio manager or as a result of being assigned on put options. The Moat ETF may hold these equities for an extended period based on security valuation and outlook. The allocations between the put write strategy and direct security investment will depend on valuations, as well as economic and market conditions.

The Moat ETF may also write out-of-the-money, short-dated covered call options on direct portfolio equities to generate additional income. The call option strike prices and expiry dates will be selected based on volatility, available premiums and underlying interest company outlook, and valuation. The Moat ETF may also enter into combination income-focused option strategies from time to time.

The put-write strategy is expected to provide some downside protection from moderate market volatility based on the out-of-the-money strike selection. For example, the seller of a put option receives an option premium, then if a put option is worthless at expiry, the seller of a put option incurs no further gain or loss related to the underlying security even if the underlying security has fallen in value.

If a put option expires out of the money, it will typically expire unexercised and the Moat ETF will retain the premium. The Moat ETF may close put option positions prior to expiry and establish new positions, however the Moat ETF may also refrain from writing put options if it determines that market conditions make doing so unattractive or impracticable.

The underling interest securities for the put write portfolio will be selected based on competitive moats, based on distinct and sustainable advantages within an industry that may lead to growth of market share. These companies will also be selected based on, but not limited to, profitability, cash flow from operations and valuation.

The Moat ETF may also from time to time invest in exchange-traded funds, or options on exchange-traded funds and index futures, that provide exposure to North American equity based indices.

The Moat ETF will invest its portfolio in Canadian-dollar cash and cash equivalents as cash cover for the put write portfolio.

The management fee of the Moat ETF is 0.75 per cent annually of the net asset value of the units of the Moat ETF, plus applicable sales tax, calculated, and accrued daily and payable monthly in arrears.

The Moat ETF has closed its offering of initial units and will begin trading on the TSX when the market opens this morning.

About LongPoint Asset Management Inc.

LongPoint Asset Management is a Canadian owned and operated company which delivers innovative ETF solutions designed to enhance your Canadian investing journey. With over 70 years of combined expertise in the ETF market, the company's dedicated team leverages deep industry connections and local insights to design, build, and launch exceptional ETFs tailored for Canadian investors. LongPoint also offers its unique partnership ETF platform, which simplifies the launch, operation and growth of ETFs for its partner asset managers. LongPoint was Canada's fastest-growing ETF provider in 2025, on a percentage basis, and offers 39 Canadian-listed ETFs with approximately $290-million in assets under management. Discover the advantage of investing with LongPoint.

About Moat Financial Ltd.

Moat Financial was founded in 2023 by Chris Thom after fifteen years at a respected Vancouver-based firm. The goal at Moat Financial is to put clients first, provide independent advice and use a variety of investment tools to deliver quality service. Moat's investment philosophy is based on the principles of value investing. Mr. Thom is a regular contributor on the BNN segment called Know Your Options.

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