TC Transcontinental's Board of Directors authorizes a special distribution related to the sale of its packaging sector

Executive Summary

• TC Transcontinental announces a special cash distribution of $20.00 per share (Class A and Class B) following the closing of the sale of its Packaging Sector to ProAmpac Holdings Inc.
• The distribution is structured as a combination of a reduction of stated capital (~$7.00 per share) and a cash dividend for the remaining balance.
• Due to the distribution amount exceeding 25% of the share price, shares will trade on a "due bill" basis from March 18, 2026, through March 20, 2026, with ex-distribution trading commencing March 23, 2026.

Key Details

• Distribution Amount: $20.00 per Class A Subordinate Voting Share and Class B Share.
• Distribution Structure:
  • Reduction of stated capital: Approximately $7.00 per Class A Share.
  • Cash dividend: The balance of the $20.00 distribution.
• Key Dates:
  • Record Date: March 18, 2026 (Shareholders of record on this date are entitled to the distribution).
  • Payment Date: March 20, 2026.
  • Due Bill Trading Period: Opens March 18, 2026, and closes March 20, 2026.
  • Ex-Distribution Date: March 23, 2026 (Shares trade without entitlement to the distribution).
  • Due Bill Redemption Date: March 23, 2026.
• Context: The distribution is in connection with the closing of the sale of the Corporation’s Packaging Sector to ProAmpac Holdings Inc. and certain of its subsidiaries, which closed on March 6, 2026.
• Trading Mechanics: Sellers transferring shares during the due bill period must transfer both the shares and the entitlement to the distribution to the purchaser.

Notable Quotes

• None provided in the text.