Core Points - 1832 Asset Management L.P. has received unitholder approval to merge certain funds to streamline its lineup and reduce fees [1] - The mergers are expected to be implemented on or about November 14, 2025 [2] - Costs associated with the mergers will be borne by the Manager [2] Approved Mergers - The following Terminating Funds will merge into their corresponding Continuing Funds: - Marquis Institutional Canadian Equity into Dynamic North American Dividend Private Pool - Marquis Institutional Bond Portfolio into Dynamic Active Core Bond Private Pool [2] Mergers Not Requiring Unitholder Approval - The following mergers will proceed without unitholder approval: - Marquis Institutional Balanced Portfolio into Marquis Balanced Portfolio - Marquis Institutional Balanced Growth Portfolio into Marquis Balanced Growth Portfolio - Marquis Institutional Growth Portfolio into Marquis Growth Portfolio - Marquis Institutional Equity Portfolio and Marquis Institutional Global Equity Portfolio into Marquis Equity Portfolio [3] Tax Implications - On the merger date, each Terminating Fund and Continuing Fund will distribute any net income and net realized capital gains to eliminate its liability for income tax under Part I of the Income Tax Act (Canada) [3] Additional Information - More details regarding the mergers and associated fee reductions were provided in the meeting materials sent to unitholders [4] - Information is available on SEDAR+ and the Dynamic website [4]