Everyday People Financial Corp. Provides Additional Disclosure Regarding Distribution of FinCard Shares to Shareholders

Executive Summary

• Everyday People Financial Corp. (EPF) is distributing 139,581,636 Class A common voting shares of FinCard Financial Services Inc. to its shareholders on a 1:1 basis, independent of any pending corporate transactions.
• The distribution is completely decoupled from a proposed qualifying transaction (QT) with Smartset Services Inc. and a related-party divestiture of six non-core subsidiaries to FinCard; shareholder entitlement to FinCard shares is unconditional.
• The divestiture transaction requires disinterested shareholder approval at a July 23, 2026 meeting and final TSXV acceptance, with closing anticipated on the same date.

Key Details

• Share Distribution Structure: 139,581,636 FinCard Class A common voting shares have been issued into trust for EPF shareholders. Distribution ratio is 1:1 (one FinCard share for every EPF common share held).
• Record Date: Shareholders of record as of July 23, 2026, will receive the distribution.
• Independence from QT: FinCard and Smartset Services Inc. announced a letter of intent for a proposed qualifying transaction on June 12, 2026. The QT only impacts whether FinCard shares become TSXV-listed; it does not affect shareholder entitlement to receive the shares.
• Independence from Divestiture: The FinCard distribution is not part of the consideration for, nor conditional upon, the divestiture of EPF's non-core financial services subsidiaries. Shareholders will receive FinCard shares regardless of whether disinterested shareholders approve the divestiture.
• Divestiture Transaction Details: EPF and FinCard entered into a share purchase agreement (EP SPA) dated March 11, 2026, to acquire six non-core subsidiaries: Everyday People Homes Inc., EP Homes II Inc., EP Travel Card Inc., Everyday People Care Inc., Everyday People Climb Credit Inc., and Everyday People Supply Chain Solutions Inc.
• Related-Party Status: The EP SPA constitutes a related-party transaction under Multilateral Instrument 61-101. EAM Enterprises Inc. (owned by Carrie Reykdal, wife of FinCard Executive Chairman Gordon Reykdal) is a counterparty.
• Approvals & Timeline: Conditional TSXV approval has been received. Remaining conditions include: (i) approval by disinterested EPF shareholders at the annual/special meeting on July 23, 2026; and (ii) final TSXV acceptance. Closing is anticipated on or about July 23, 2026.
• FinCard Corporate Status: FinCard is a private Alberta corporation incorporated in January 2026 and is not a reporting issuer in any Canadian jurisdiction. FinCard shares are subject to resale restrictions under applicable securities laws and transfer restrictions in FinCard's articles.
• Business Focus: The restructuring allows EPF to divest non-core operations and sharpen its focus as a pure-play international Revenue Cycle Management (RCM) company.

Notable Quotes

• Gordon Reykdal, Executive Chairman of FinCard and Senior Advisor to EP Financial: "Our shareholders have supported EP Financial through every stage of its growth, and we believe they should have the opportunity to participate directly in the next chapter of value creation. The FinCard Share distribution is intended to recognize and reward that loyalty by providing shareholders with a direct ownership interest in FinCard and its future growth opportunities, while allowing EP Financial to sharpen its focus on building a pure-play leading revenue cycle management business."