Stack Capital Group Inc. Announces Normal Course Issuer Bid

Core Viewpoint - Stack Capital Group Inc. has announced its intention to initiate a normal course issuer bid (NCIB) for its common shares, believing its share price is undervalued compared to its Book Value per Share of $14.26 [1][2]. Group 1: NCIB Details - The NCIB will allow Stack Capital to purchase up to 1,095,780 common shares, representing 10% of the public float as of November 24, 2025, over a 12-month period from December 3, 2025, to December 2, 2026 [2][3]. - The average daily trading volume from May 1, 2025, to October 31, 2025, was 18,222 common shares, with daily purchases under the NCIB limited to 4,555 common shares, excluding block purchases [2][3]. - All shares purchased under the NCIB will be cancelled [2][3]. Group 2: Automatic Share Purchase Plan (ASPP) - Stack Capital has established an automatic share purchase plan (ASPP) with a designated broker to facilitate share purchases during regulatory restrictions or blackout periods [4]. - The ASPP will become effective on December 3, 2025, coinciding with the start of the NCIB, and all purchases made under the ASPP will count towards the total shares purchased under the NCIB [4]. Group 3: Previous NCIB Performance - Under a previous NCIB, Stack Capital purchased 142,653 common shares at a weighted average price of $11.4394 per share, with the previous NCIB period running from November 18, 2024, to November 17, 2025 [5]. Group 4: Company Overview - Stack Capital is an investment holding company focused on investing in equity, debt, and other securities of growth-to-late-stage private businesses, providing shareholders with exposure to a diversified private investment portfolio [6].