News Summary

• The merger is part of the Manager’s ongoing initiative to streamline and modernize its fund lineup.
• The Merger does not require regulatory or securityholder approval, as it meets the applicable requirements under National Instrument 81-102 Investment Funds.
• All costs and expenses associated with the Merger will be borne by the Manager.
• As of June 30, 2025, Guardian had C$164.1 billion of total client assets while managing a proprietary investment portfolio with a fair market value of C$1.2 billion.