Thomson Reuters changes time of special meeting

Executive Summary

• Thomson Reuters Corp. has filed management proxy circulars and related documents for a special shareholder meeting scheduled for April 28, 2026.
• Shareholders are being asked to approve a proposed return of capital consisting of a special cash distribution of $605 million (U.S.), or approximately $1.36 (U.S.) per common share, followed by a proportional share consolidation (reverse stock split).
• The return of capital is intended to be tax-free for Canadian tax purposes, with an opt-out right available for shareholders taxable in jurisdictions outside of Canada.

Key Details

• Transaction Structure: The transaction involves a special cash distribution followed immediately by a share consolidation.
• Distribution Amount: Aggregate special cash distribution of $605 million (U.S.).
• Per-Share Value: Approximately $1.36 (U.S.) per common share (estimated based on shares issued and outstanding as of the record date, assuming no opt-outs).
• Share Consolidation Ratio: To be determined based on the volume-weighted average trading price of common shares on Nasdaq Stock Market for the five trading days immediately prior to the return of capital becoming effective.
• Tax Implications: The distribution is expected to be tax-free for Canadian tax purposes.
• Opt-Out Right: Shareholders taxable outside of Canada (including U.S. residents) may opt out of the return of capital. Opting out means the shareholder receives no cash distribution and retains their current number of shares.
• Special Meeting Date: Tuesday, April 28, 2026, at 9 a.m. EDT (changed from the original 12 p.m. time).
• Meeting Format: Webcast on the Thomson Reuters website investor relations section.
• Record Date: March 6, 2026, at 5 p.m. EDT.
• Document Availability: Management proxy circular and related documents are available online, via SEDAR+, and for pickup at Computershare Investor Services offices in Toronto, Montreal, Vancouver, and Calgary.
• Contact Information:
  • Computershare Investor Services: 1-800-564-6253 (Canada/US) or 1-514-982-7555 (International).
  • D.F. King & Co. Inc. (Information Agent): 1-800-967-5068 (US/Canada) or 1-212-561-5870 (International); [email protected].

Notable Quotes

• None provided in the text.