Canadian Large Cap Leaders Split Corp. Announces Overnight Offering of Preferred Shares and Class A Shares

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TORONTO, April 21, 2026 (GLOBE NEWSWIRE) — Canadian Large Cap Leaders Split Corp. (the “Company”) is pleased to announce its intention to undertake an offering of Preferred Shares and Class A Shares of the Company (the “Offering”). The Offering will be led by National Bank Financial Inc.

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The Preferred Shares will be offered at a price of $10.55 per Preferred Share and the Class A Shares will be offered at a price of $15.55 per Class A Share. The consolidated last trade price of each of the Preferred Shares and the Class A Shares on April 21, 2026 was $10.70 and $15.75, respectively.

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The sales period of the Offering will end at 8:30 a.m. EST on April 22, 2026. The Offering is expected to close on or about April 29, 2026 and is subject to certain closing conditions including approval by the TSX.

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The net proceeds of the Offering will be used to invest, 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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The investment objectives of the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions of $0.1875 per Preferred Share, representing 7.5% per annum on the original issue price of $10.00 per Preferred Share, until February 28, 2029, subject to extension for successive terms of up to five years as determined by the Company’s board of directors (the “Maturity Date”), and return the original issue price to holders on the Maturity Date.

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The investment objectives of the Class A Shares are to provide holders with regular monthly non-cumulative cash distributions targeted to be $0.18 per Class A share representing a yield on the issue price of the Class A Shares of 13.9% per annum on the issue price of $15.55 per Class A Share, and the opportunity for growth in the net asset value per Class A Share.

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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].