CORRECTION -- Purpose Investments Inc.

• Big Banc Split Corp. announced a Class A share split to increase liquidity following strong fund performance.
• The split ratio is 20 additional shares for every 100 shares held, resulting in a ~20% increase in total distribution payouts per original unit.
• Record date set for May 1, 2026, with ex-split trading expected to begin on the same day (corrected from April 24 announcement).
• Monthly non-cumulative cash distributions remain at $0.12 per share ($1.44 annually), but total payout increases due to higher share count.
• Preferred shares (BNK.PR.A) are unaffected and maintain downside protection against a ~60% decline in Class A NAV.
• Historical performance since inception (June 24, 2020) shows a 23.4% per annum total return for Class A shares, outperforming the S&P/TSX Composite Total Return Index by 6.2%.

• The stock split is primarily cosmetic and does not alter the intrinsic value of the company or its underlying assets.
• While the announcement confirms strong historical performance (23.4% p.a.), this data was likely priced in given the steady price appreciation observed over the past year.
• The correction regarding the ex-split date (May 1 vs May 4) is administrative and does not materially change shareholder value or timing expectations.
• Increased liquidity from a lower per-share price may attract retail investors, but institutional holders typically view splits as neutral events unless accompanied by capital raises or strategic shifts.
• No new debt, equity financing, or M&A activity was disclosed that would fundamentally alter the risk profile of the company.

• Big Banc Split Corp. operates as a Business Development Company (BDC) focused on providing capital to middle-market companies.
• The flagship "project" is the investment fund itself, managed through Class A shares and Preferred Shares (BNK.PR.A).
• The company focuses on generating income through monthly distributions rather than capital appreciation alone.
• Inception date for Class A shares was June 24, 2020, indicating a mature fund structure with over five years of operating history.
• Performance metrics indicate consistent outperformance against the broader Canadian equity market index (S&P/TSX Composite).