TC Transcontinental's Board of Directors authorizes a special distribution related to the sale of its packaging sector

Core Viewpoint - Transcontinental Inc. has announced a special cash distribution of $20.00 per Class A and Class B share following the sale of its Packaging Sector to ProAmpac Holdings Inc. [1] Group 1: Distribution Details - The special cash distribution will consist of a reduction of stated capital of approximately $7.00 per Class A Share and a cash dividend for the remaining balance [1] - The distribution is payable on March 20, 2026, to shareholders of record as of March 18, 2026 [1] - The amount of the distribution exceeds 25% of the share prices, requiring the shares to trade on a "due bill" basis from the opening of trading on the Record Date until the close of trading on the Payment Date [2] Group 2: Trading Information - Due bills will attach to the Class A and Class B Shares from March 18, 2026, until March 20, 2026, ensuring that the shares carry the value of the distribution until it is paid [3] - The shares will begin trading on an "ex-distribution" basis on March 23, 2026, after which purchasers will no longer be entitled to the distribution [3] Group 3: Company Overview - Transcontinental Inc. is a Canadian retail marketing services company, the largest printer in Canada, and a leader in French-language educational publishing [6] - The company reported revenues from continuing operations of $1.1 billion for the fiscal year ended October 26, 2025, and revenues from discontinued operations of $1.6 billion for the same period [7]