Canfor Pulp announces Special Meeting results

Core Viewpoint - Canfor Pulp Products Inc. has received shareholder approval for a special resolution authorizing the acquisition of all outstanding common shares by Canfor Corporation through a statutory plan of arrangement [1][2]. Shareholder Approval - The special resolution was approved by 96.02% of shareholders, with 84.42% approval when excluding votes from the Purchaser and its affiliates [2]. - A total of 48,213,373 common shares were voted, representing approximately 73.91% of the issued and outstanding common shares as of January 20, 2026 [2]. Arrangement Details - Under the arrangement, shareholders will receive either 0.0425 of a common share in Canfor Corporation or $0.50 in cash for each common share held [1]. - The arrangement is expected to be completed around March 17, 2026, pending final court approval and satisfaction of all conditions [4]. Next Steps - The final court hearing for the arrangement approval is scheduled for March 11, 2026 [4]. - Following completion, common shares of Canfor Pulp are expected to be delisted from the Toronto Stock Exchange [4]. Company Overview - Canfor Pulp is a leading global supplier of pulp and paper products, operating two mills in Prince George, British Columbia, with a total capacity of 480,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft pulp and 140,000 tonnes of kraft paper [10].