Key Information - The exempt principal trader involved is Investec Bank plc [1] - The relevant securities pertain to PRS Reit PLC [1] - Investec is acting as an adviser to Long Harbour Ltd [1] - The dealing date is recorded as 17 October 2025 [1] Dealings by the Exempt Principal Trader - Purchases of ordinary shares totaled 3,968 units at a highest price of 113.2 and a lowest price of 113 [3] - Sales of ordinary shares also totaled 3,968 units at the same price range [3] Other Information - There are no indemnity or option arrangements related to the relevant securities [9] - No agreements or understandings regarding voting rights or future acquisitions/disposals of relevant securities were reported [10] - The date of disclosure is 20 October 2025 [10]

Key Information - The exempt principal trader involved is Investec Bank plc [1] - The relevant securities pertain to PRS Reit PLC [1] - Investec is acting as an adviser to Long Harbour Ltd [1] - The date of the dealings was October 10, 2025 [1] Dealings by the Exempt Principal Trader - Purchases of ordinary shares totaled 3,351 units at a highest price of 122.6 and a lowest price of 122.2 [3] - Sales of ordinary shares amounted to 300,033 units at a highest price of 113.2 and a lowest price of 112.6 [3] Other Information - There are no indemnity or option arrangements related to the relevant securities [9] - No agreements or understandings regarding voting rights or future acquisition/disposal of relevant securities exist [10] - The date of disclosure for this information is October 13, 2025 [10]

Key Information - The exempt principal trader involved is Investec Bank plc, which is connected to Long Harbour Ltd in relation to the offer for PRS Reit PLC [1][3] - The dealing date was October 2, 2025 [1] Dealings by the Exempt Principal Trader - Investec Bank plc purchased a total of 33,610 ordinary shares at a price of 112.067 per unit [3] - A total of 4 ordinary shares were sold at a price of 112 per unit [3] Other Information - There are no indemnity or option arrangements related to the relevant securities that may influence dealings [9] - No agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities were reported [10]

Core Viewpoint - Middlefield Canadian Income PCC and its fund are proposing a reconstruction and winding-up process, offering shareholders options to either roll over their investments into a new ETF or receive cash close to the net asset value per share [2][4][9]. Proposal Details - The proposals include a summary winding-up of both the Company and the Fund, with options for shareholders to elect for either ETF shares or cash [3][30]. - Fund shareholders holding shares in uncertificated form can choose to roll over their investment into the Middlefield Canadian Enhanced Income UCITS ETF or receive cash [6][13]. Background and Rationale - The Company is the only UK-listed closed-end fund focused on Canadian equities, providing high dividends and capital growth since its launch in 2006 [4]. - The Fund has faced significant trading discounts to its net asset value, attributed to its small size and limited liquidity amid challenging macroeconomic conditions [5][4]. Shareholder Engagement - Following a requisition notice from Saba Capital Management, the Board consulted with major shareholders and formulated the current proposals to serve the interests of all shareholders [7][8]. - Saba has committed to vote in favor of the proposals, holding approximately 11.31% of the Fund Shares [11]. Options for Shareholders - Shareholders can elect to roll over their investment into ETF shares or receive cash, with the latter option potentially triggering tax liabilities [24][26]. - Restricted shareholders will be deemed to have elected for the cash option unless they can demonstrate eligibility for ETF shares [49][52]. Implementation Mechanics - The winding-up process will involve the appropriation of the Fund's assets into distinct pools for liquidation, rollover, and cash distribution [32][34]. - The expected timeline for the implementation includes key dates for shareholder meetings and the issuance of ETF shares [63]. Financial Implications - Transaction costs associated with the proposals are estimated at approximately £950,000 [39]. - The cash pool and rollover pool will be calculated based on shareholder elections, affecting the net realizable value for each option [42][44]. Interim Dividend - An interim dividend of 1.375 pence per Fund Share has been declared to maintain investment trust status prior to the winding-up [48]. Recommendations - The Board, advised by Investec, recommends that shareholders vote in favor of the proposals, believing they are in the best interests of all shareholders [58].

Key Information - The exempt principal trader involved is Investec Bank plc, which is connected to Treatt plc as a joint financial adviser and corporate broker [1][1]. - The dealing date was September 18, 2025 [1]. Dealings by the Exempt Principal Trader - Investec Bank plc purchased 90,000 ordinary shares at prices ranging from 268.25 to 268.5 [3]. - The bank sold 100,028 ordinary shares at prices of 268.25 and 268 [3]. Other Information - There are no indemnity or option arrangements related to the relevant securities [8]. - There are no agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities [9].

Key Information - The exempt principal trader involved is Investec Bank plc, which is acting in a client-serving capacity for Treatt plc [1] - The date of the dealings was 15 September 2025 [1] Dealings by the Exempt Principal Trader - Investec Bank plc purchased 19,881 ordinary shares of Treatt plc at a price of 264 per unit [3] - The same trader sold 20,000 ordinary shares of Treatt plc at a price of 264 per unit [3] Other Information - There are no indemnity or option arrangements related to the relevant securities that may influence dealings [8] - There are no agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities [9] - The date of disclosure for this information is 16 September 2025 [9]

Core Viewpoint - Middlefield Canadian Income PCC and its fund are proposing a voluntary winding up and offering shareholders the option to exchange their shares for those in a newly established UCITS ETF, allowing continued investment exposure [2][3]. Group 1: Proposed Transaction - The Company and Fund announced a voluntary winding up, allowing shareholders to receive shares in a new actively managed UCITS ETF in exchange for their holdings [2]. - Shareholders can choose to either fully or partially exchange their shares for ETF shares or opt for an uncapped cash exit close to the net asset value per share [3]. Group 2: ETF Management and Structure - The ETF will be managed by Middlefield Limited, ensuring continued alignment with the Company's investment objectives [3]. - HANetf has been appointed to assist in structuring and establishing the ETF, providing ongoing operational and marketing support [4]. Group 3: Regulatory Approvals - The Central Bank of Ireland has approved the establishment of the ETF, and an application for formal recognition by the Financial Conduct Authority is underway [5]. - Admission to trading on Euronext Dublin and the London Stock Exchange is expected in Q4 2025 [5]. Group 4: Shareholder Communication - A circular detailing the transaction will be published in September 2025, convening meetings for shareholder resolutions [6]. Group 5: Financial Position - The Fund has repaid existing loans and remains ungeared, intending to stay fully invested [7]. Group 6: Tax Implications - Clearance has been received from HM Revenue & Customs, allowing shareholders to roll over their investment into the ETF without triggering immediate UK capital gains tax liabilities [8].

Key Information - The exempt principal trader involved is Investec Bank plc [1] - The offeror/offeree related to the relevant securities is Apax Global Alpha Limited [1] - The date of the dealings was August 1, 2025 [1] Dealings by the Exempt Principal Trader - Total purchases of ordinary securities amounted to 1,698,596 units, with the highest price per unit at 163.9521 and the lowest at 162.9 [3] - Total sales of ordinary securities amounted to 1,575,770 units, with the highest price per unit at 164 and the lowest at 163 [3] Other Information - There are no indemnity or option arrangements related to the relevant securities [9] - There are no agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities [10] - The date of disclosure for this information is August 4, 2025 [10]

Group 1 - The exempt principal trader involved is Investec Bank plc, which is acting as a Joint Advisor and Joint Broker to Ricardo plc [1][3] - The dealings took place on 22 July 2025, with a total of 18,300 ordinary shares purchased at prices ranging from 424 to 426 [3] - There were no cash-settled or stock-settled derivative transactions reported, indicating a focus solely on ordinary share dealings [4][5] Group 2 - No indemnity or other dealing arrangements were disclosed, suggesting no additional agreements influencing the trading activities [9] - There are no agreements or understandings related to options or derivatives affecting voting rights or future acquisitions/disposals of relevant securities [10] - The disclosure was made on 23 July 2025, with contact information provided for further inquiries [10]

Key Information - The exempt principal trader involved is Investec Bank plc [1] - The offeror/offeree related to the relevant securities is Apax Global Alpha Limited [1] - The date of the dealings was July 21, 2025 [1] Dealings by the Exempt Principal Trader - Total purchases of ordinary securities amounted to 2,056,411 units, with the highest price per unit at 163.296 and the lowest at 156.4 [3] - Total sales of ordinary securities amounted to 1,809,485 units, with the highest price per unit at 164 and the lowest at 139.8 [3] Other Information - There are no indemnity or option arrangements related to the relevant securities [9] - There are no agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities [10] - The date of disclosure for this information is July 22, 2025 [10]