The Toronto Stock Exchange reports that Storagevault Canada Inc.'s 5.60 per cent senior unsecured hybrid debentures will be listed at 5:01 p.m. on Nov. 27, 2025, for trading at the open on Nov. 28, 2025, under the symbol SVI.DB.D and with Cusip No. 86212H AE 5. According to the TSX, the listing will cover $50-million principal amount of debentures to be issued, in the minimum principal amount of $1,000 each, in a public offering that is expected to close before the open on Nov. 28, 2025, pursuant to the terms of the short form prospectus dated Nov. 25, 2025. The transfer agent and registrar is TSX Trust Company at its principal office in Calgary, Alta.

The TSX reports that the debentures will mature on Dec. 31, 2030, and will pay interest semi-annually in arrears on June 30 and Dec. 31 in each year at 5.60 per cent per year. The initial interest payment of $32.83 per $1,000 principal amount of debentures will be made on June 30, 2026. According to the TSX, the debentures will not be redeemable before Dec. 31, 2028, except in certain circumstances upon the occurrence of a change of control.

On and after the first call date and prior to Dec. 31, 2029, the debentures will be redeemable, in whole or in part, from time to time, at a redemption price equal to 102.8 per cent of the principal amount of the debentures redeemed plus accrued and unpaid interest, if any, up to, but excluding, the date set for redemption. On and after Dec. 31, 2029, and prior to the maturity date, the debentures will be redeemable, in whole or in part at the company's option at a price equal to their principal amount plus accrued and unpaid interest, if any, up to, but excluding, the date set for redemption. The company shall provide not more than 60 nor less than 30 days of prior notice of redemption of the debentures.

Subject to any required regulatory approval, and provided no event of default has occurred and is continuing, the company has the option to satisfy its obligations to repay the principal amount of debentures due at redemption or maturity, upon not less than 30 days and not more than 60 days of prior notice, by issuing that number of freely tradable common shares of the company (symbol SVI) obtained by dividing the principal amount by 95 per cent of the current market price. Any accrued and unpaid interest will be payable in cash.