Mr. Mark Noble reports

GUARDIAN CAPITAL ANNOUNCES FUND MERGER AND CHANGES TO DISTRIBUTION FREQUENCY

Guardian i3 Global Quality Growth ETF (Toronto Stock Exchange: GIQG, GIQG.B) (the merging fund) will be merged into Guardian i3 Global Core Equity fund (formerly, Guardian i3 Global Quality Growth Fund). The merging fund and the continuing fund are both managed by the manager and have substantially similar investment objectives and strategies. The merger is part of the manager's continuing initiative to streamline and modernize its fund lineup.

In connection with the merger, the manager has filed a prospectus amendment to qualify ETF units and hedged ETF units of the continuing fund, which already offers Series A, F and I mutual fund units. Subject to satisfying the listing requirements of the Toronto Stock Exchange, on completion of the merger, the manager intends to list the continuing fund ETF series units on the TSX. The continuing fund ETF series units will have the same fees as the corresponding series of the merging fund, but the ticker symbols will be different, as shown in the attached table.

The merger does not require regulatory or securityholder approval, as it meets the applicable requirements under National Instrument 81-102 investment funds for permitted mergers. It is anticipated that the merger will be implemented on or about Aug. 14, 2026. All costs and expenses associated with the merger will be borne by the manager.

For the merger, the merging fund will transfer all of its net assets to the continuing fund in return for continuing fund ETF series units having an aggregate net asset value equal to the value of the net assets transferred to the continuing fund. Immediately thereafter, the merging fund will cause all of its securities to be redeemed in exchange for continuing fund ETF series units. This will result in each securityholder of the merging fund receiving securities of the corresponding ETF series of the continuing fund having equal value to the securities of the merging fund that were held by such securityholder prior to the merger. The merging fund will be wound up as soon as possible following the effective date.

The independent review committee of the merging fund has reviewed the potential conflict of interest matters related to the merger and has approved the merger after determining that the merger, if implemented, would achieve a fair and reasonable result for the merging fund.

More information about the merger will be set out in the written notice that will be sent to securityholders of the merging fund.

The manager also announces that, upon completion of the merger, the distribution frequency for the continuing fund will increase from annual to quarterly.

About Guardian Capital LP

Guardian Capital is the manager and portfolio manager of the Guardian Capital funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital is an indirect wholly owned subsidiary of Desjardins Global Asset Management Inc., which is part of the Desjardins Group.

About Desjardins Global Asset Management Inc.

Founded in 1998, Desjardins Global Asset Management (DGAM) is one of Canada's leading asset managers, with in house expertise in equity, fixed income, private equity and real assets (including infrastructure and real estate) across a variety of investment vehicles. DGAM manages institutional assets on behalf of insurance companies, pension funds, endowment funds, non-profit organizations and corporations across Canada. With offices in Montreal, Levis and Toronto, its team of over 100 investment professionals uses a collaborative approach and combines innovation, accessibility, and discipline to design solutions tailored to clients' unique needs. DGAM integrates Desjardins' co-operative values into its investment process to ensure it supports the sustainable and responsible growth of its partners' and clients' assets.

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