Carronade Capital Reminds Cannae Shareholders to Vote the GOLD Proxy Card "FOR” All Four of Carronade's Director Nominees TODAY

Core Viewpoint - Carronade Capital urges Cannae shareholders to vote for its independent nominees to enhance shareholder value and governance, while recommending to withhold votes for Cannae's underperforming nominees [1][5]. Group 1: Voting Recommendations - Shareholders are encouraged to vote "FOR" Mona Aboelnaga, Benjamin Duster, Dennis Prieto, and Chérie Schaible, and "WITHHOLD" on Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey using Carronade's GOLD proxy card [1][2]. - The voting deadline is set for December 11, 2025, at 11:59 PM Pacific Time [2]. Group 2: Performance and Governance Issues - Cannae has experienced a total shareholder return of -60% over the past five years, while its directors have collectively received over $650 million since 2017 despite poor performance [5]. - The current directors have shown a cumulative relative total shareholder return (TSR) of -148% for Ms. Meinhardt, Mr. Stallings, and Mr. Willey, and -112% for Mr. Moullet during their tenures [5]. Group 3: Carronade's Objectives - Carronade believes that electing its nominees will restore shareholder confidence and drive value creation by enhancing governance, improving asset disclosure, and aligning management incentives [5]. - The firm emphasizes the need for independent oversight and accountability in Cannae's boardroom, which it claims has been lacking [5]. Group 4: About Carronade Capital - Carronade Capital Management, founded in 2019, manages approximately $2.7 billion in assets and focuses on process-driven investments in catalyst-rich situations [4]. - The firm employs 17 team members and is led by industry veteran Dan Gropper, who has nearly three decades of experience in special situations credit [4].