Maple Leaf Foods' spinoff of pork ops to close Oct. 1

Executive Summary

• Maple Leaf Foods (MLF) announced the record date (Sept 30, 2025) and anticipated closing date (Oct 1, 2025) for its planned spin‑off of pork operations into Canada Packers Inc. via a plan of arrangement.
• Upon completion, MLF will retain a 16% ownership stake in Canada Packers; the remaining shares will be distributed pro‑rata to existing MLF shareholders (0.2 Canada Packers share per MLF share).
• The transaction triggers special “due bill” and “if‑as‑and‑when‑issued” trading periods on the Toronto Stock Exchange for both MLF and Canada Packers securities, with regular trading resuming on Oct 2, 2025.

Key Details

• Closing & Record Dates: Closing expected Oct 1, 2025; record date set for Sept 30, 2025 (shareholder entitlement).
• Ownership Structure Post‑Spin‑off: MLF will hold 16% of Canada Packers; approximately 29.72 million Canada Packers shares will exist immediately after closing.
• Shares to be distributed to MLF shareholders: ~24.97 million (≈0.2 per MLF share).
• Shares retained by MLF: ~4.76 million.
• Share Distribution Mechanics: Based on 124,826,070 MLF common shares outstanding as of Sept 25, 2025. Each MLF shareholder receives 0.2 Canada Packers share for each MLF share held on the record date.
• TSX Trading Adjustments:
• Due‑bill trading for MLF (symbol MFI) and Canada Packers (symbol CPKR) from Sept 30 to Oct 1, 2025.
• “If‑as‑and‑when‑issued” ex‑distribution market for MLF (MFI.W) and “if‑as‑and‑when‑issued” market for Canada Packers during the same period.
• Regular way trading resumes on Oct 2, 2025 (MLF MFI, Canada Packers CPKR).
• Dividend Notice: MLF shareholders of record as of Sept 5, 2025 will receive the previously announced quarterly dividend of C$0.24 per share, payable Sept 29, 2025; this dividend is not affected by the special trading periods.
• Additional Information: Detailed Q&A on the spin‑off process and trading arrangements are available on the Maple Leaf Foods and Canada Packers websites under “Canada Packers Listing Process – Q&A.”

Notable Quotes

(No direct quotes were provided in the release.)