Mr. Matt Gierasimczuk reports

VANGUARD ANNOUNCES CASH DISTRIBUTIONS FOR THE VANGUARD ETFS

Vanguard Investments Canada Inc. today declared the final September, 2025, cash distributions for certain Vanguard ETFs (exchange-traded funds), listed in the attached table, that trade on Toronto Stock Exchange. Unitholders of record on Sept. 19, 2025, will receive cash distributions payable on Sept. 26, 2025. Details of the per-unit distribution amounts are provided in the attached table.

About Vanguard Investments Canada Inc.

Canadians own $132-billion in Vanguard assets, including Canadian- and United States-domiciled ETFs and Canadian mutual funds. Vanguard Investments Canada manages $96-billion (Canadian) in assets (as of April 30, 2025) with 38 Canadian ETFs and 10 mutual funds currently available. The Vanguard Group Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages $10-trillion (U.S.) ($13.7-trillion (Canadian)) in global assets, including over $3.3-trillion (U.S.) ($4.5-trillion (Canadian)) in global ETF assets (as of April 30, 2025). Vanguard has offices in the United States, Canada, Mexico, Europe and Australia. The firm offers 441 funds, including ETFs, to its more than 50 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, Vanguard Group is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus.