Canadian Large Cap Leaders Split Corp. Announces Class A Share Split

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TORONTO, July 22, 2026 (GLOBE NEWSWIRE) — (TSX: NPS, NPS.PR.A) – Canadian Large Cap Leaders Split Corp. (the “Company”) is pleased to announce its intention to effect a stock split of its Class A shares (the “Share Split”) due to the Company’s strong performance. The Share Split remains subject to the final approval of the Toronto Stock Exchange (the “TSX”).

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Pursuant to the Share Split, Class A shareholders of record at the close of business on July 30, 2026 will receive 20 additional Class A shares for every 100 Class A shares held. Ex-split trading of the Class A shares will commence at the opening of trading on July 30, 2026.

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Since the Company’s inception on February 22, 2024, the Class A Shares have delivered a total return of 38.08% per annum based on net asset value, outperforming the S&P/TSX Composite Total Return Index by 11% per annum⁽¹⁾.

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The Share Split will result in an overall increase in the dollar amount of distributions to be paid to Class A shareholders by approximately 20%. The Company provides a distribution reinvestment plan, on a commission-free basis for Class A shareholders that wish to reinvest distributions and realize the benefits of compound growth.

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Following the Share Split, the preferred shares of the Company are expected to have downside protection from a decline in the value of the Company’s portfolio of approximately 63%.⁽²⁾

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The Company invests, on an approximately equally-weighted basis, in a portfolio comprised primarily of equity securities of Canadian Dividend Growth Companies (as defined below), selected by the portfolio manager, that at the time of investment and immediately following each periodic reconstitution and rebalancing: (i) are listed on a Canadian exchange; (ii) pay a dividend; (iii) generally have a market capitalization of at least $10 billion; (iv) have options in respect of its equity securities that, in the opinion of the portfolio manager, are sufficiently liquid to permit the portfolio manager to write options in respect of such securities; and (v) have a history of dividend growth or, in the portfolio manager’s view have high potential for future dividend growth (“Canadian Dividend Growth Companies”).

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About
Ninepoint Partners LP

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Ninepoint Partners LP is the Manager, Portfolio Manager and Promoter of the Company and provides all administrative services required by the Company. Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $8.2 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

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For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172, or 1.888.362.7172 or [email protected].

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(1)   See standard performance data table below
(2)   Based on the NAV of the Class A shares used to determine the Share Split ratio.

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