Canadian Large Cap Leaders Split Corp. Establishes At-The-Market Equity Program

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TORONTO, May 29, 2026 (GLOBE NEWSWIRE) — (TSX: NPS.PR.A, NPS) – Canadian Large Cap Leaders Split Corp. (the “Company”) is pleased to announce that it has established an at-the-market equity program (the “ATM Program”). The ATM Program authorizes the issuance of up to $100,000,000 of preferred shares (the “Preferred Shares”) and up to $100,000,000 of class A shares of the Company (the “Class A Shares”, and together with the Preferred Shares, the “Shares”) to the public from time to time, at the discretion of the Company. Any Shares issued under the ATM Program will be sold at the prevailing market price at the time of sale through the Toronto Stock Exchange (“TSX”) or any other marketplace in Canada on which the Shares are listed, quoted or otherwise traded.

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The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The ATM Program will be effective until June 28, 2028, unless terminated prior to such date by the Company.

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Sales of Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated as of May 29, 2026 (the “Equity Distribution Agreement”) with National Bank Financial Inc. (the “Agent”).

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Sales of Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Shares in Canada. Since Shares will be distributed at prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated May 29, 2026 (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated May 28, 2026 (the “Shelf Prospectus”).

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Copies of the Prospectus Supplement and the Shelf Prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent, and are available on SEDAR+ at www.sedarplus.ca.

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The net proceeds of the ATM Program 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% per annum on a Preferred Share offering price of $10.78 per Preferred Share (based on the closing price on the TSX of the Preferred Shares on May 28, 2026), 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 of $10.00 per Preferred Share to holders on the Maturity Date.