TORONTO STOCK EXCHANGE
NOTICE OF HOUSEKEEPING RULE AMENDMENTS TO THE TSX COMPANY MANUAL
Introduction In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 (the “Protocol”), Toronto Stock Exchange (“TSX”) has adopted, and the Ontario Securities Commission (“OSC”) has approved, certain housekeeping amendments (the “Amendments”) to TSX Company Reporting Form 5 – Dividend/Distribution Declaration (“Form 5”) of the TSX Company Manual (the “Manual”). The Amendments are Housekeeping Rules under the Protocol and therefore have not been published for comment. The OSC has not disagreed with the categorization of the Amendments as Housekeeping Rules.
Summary and Rationale of the Non-Public Interest Amendments
Section of the Manual 1. Form 5
Amendment Rationale Add in the Form 5 “Bi-Weekly” The introduction of the new (every two weeks) and “Twice- frequencies aligns with evolving monthly” (twice per month) as market practices, addresses an available frequencies for existing issuer constraint and reflects dividends/distributions available our current capability to process for regular and resumption these new frequencies. dividends/distributions.
Text of the Amendments The Amendments are set out as blacklined text at Appendix A. For ease of reference, a clean version of the Amendments are set out at Appendix B.
Effective Date The Amendments will become effective on September 15, 2025.
APPENDIX “A” BLACKLINE OF NON-PUBLIC INTEREST AMENDMENTS TO THE TSX COMPANY MANUAL […] Regular Dividend (Dividend with fixed frequency, e.g. monthly or quarterly) […] Frequency of Dividend* Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually Annually Interim Not Applicable
[…] Has the frequency of dividend changed? Yes
Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually Annually Interim Not Applicable
No
[…]
Resumption (first Dividend be paid following an omission/deferral)
[…] Frequency of Dividend* Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually Annually Interim
[…]
Not Applicable
APPENDIX “B”
CLEAN VERSION OF NON-PUBLIC INTEREST AMENDMENTS TO THE TSX COMPANY MANUAL
[…] Regular Dividend (Dividend with fixed frequency, e.g. monthly or quarterly) […] Frequency of Dividend* Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually Annually Interim Not Applicable
[…] Has the frequency of dividend changed? Yes
[…]
Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually Annually Interim Not Applicable
No
Resumption (first Dividend be paid following an omission/deferral)
[…]
Frequency of Dividend* Bi-Weekly Twice-monthly Monthly Bi-Monthly Quarterly Semi-Annually
[…]
Annually Interim Not Applicable