Big Banc Split Corp. Establishes At-the-Market Equity Program

• Big Banc Split Corp. has established an At-the-Market (ATM) equity program to issue up to $25,000,000 of Preferred Shares and up to $25,000,000 of Class A Shares.
• The ATM program is effective until December 25, 2027, with sales conducted through the Toronto Stock Exchange (TSX) at prevailing market prices.
• Proceeds will be used to invest in an equally weighted portfolio of major Canadian banks including BMO, CIBC, National Bank, RBC, Scotiabank, and TD.
• Preferred Shares offer fixed cumulative monthly distributions of $0.84 per annum ($10.00 issue price) until November 30, 2026.
• Class A Shares offer regular monthly non-cumulative cash distributions initially at $1.44 per annum with NAV growth opportunity.
• This follows recent announcements regarding a stock split (April 24/29) which increased share count by 20% and total distribution payouts by ~20%.

• The ATM program represents a capital deployment strategy rather than a fundamental shift in business model, categorizing it as Routine - Positive.
• Issuing equity at current market prices ($16.27) allows the company to raise capital without significant discounting, leveraging recent strong performance (23.4% p.a. return since inception).
• The $50 million capacity is relatively small for a fund with this track record but provides liquidity to expand AUM in the Canadian banking sector.
• No material negative dilution expected immediately as proceeds are invested into assets (bank stocks) rather than general corporate overhead.
• The announcement validates management's confidence in deploying capital while stock valuation is elevated, though it introduces future share count growth.

• Big Banc Split Corp. operates as a closed-end investment fund structure focused on Canadian banking equities.
• Flagship Project: An equally weighted portfolio of major Canadian banks (BMO, CIBC, NB, RBC, Scotiabank, TD).
• Strategy aims to provide monthly distributions and NAV growth through exposure to the stable Canadian financial sector.
• Historical Performance: Class A shares delivered 23.4% per annum total return since inception (June 2020), outperforming the S&P/TSX Composite by 6.2%.