Ms. Jo-Anne O'Connor reports

STRATEGEM CAPITAL REPORTS THIRD QUARTER RESULTS; NET ASSET VALUE PER SHARE IS $1.23

Strategem Capital Corp. has released its financial results for the three and nine months ended Sept. 30, 2026. Strategem reports all amounts in Canadian dollars.

Corporate commentary:

• The company's net asset value per share was $1.23 at Sept. 30, 2026, compared with $1.19 at Dec. 31, 2025. Common shares last traded at 65 cents (Oct. 28, 2026), compared with 40 cents at Dec. 31, 2025.
• At Sept. 30, 2026, the company had deployed 83 per cent of its capital in short-term investments and held cash of $2.0-million.
• During the three and nine months ended Sept. 30, 2026, the company recorded total losses of $1.4-million and total revenues of $600,000, respectively. The revenue consists of interest, dividend and other income of $40,000 and $200,000, net realized gain on sale of investments of $400,000 and $400,000, and unrealized loss on investments of $1.8-million and unrealized gain on investments of $40,000, respectively.
• The net income (loss) for the three and nine months ended Sept. 30, 2026, was a loss of $1.4-million (loss per share of 16 cents) and income of $300,000 (earnings per share of four cents), respectively, with a net income of $600,000 (earnings per share of six cents) and $700,000 (earnings per share of eight cents) for the prior-year comparable periods.
• The company's objective is to own and manage high-growth businesses in resource exploration and development, mining, energy production, and agriculture. Management continues to explore prospective businesses and may take advantage of opportunities stemming from recent market volatility.

The reported earnings include unrealized mark-to-market values in the company's investment portfolio. The value of the company's investments and the income derived from investments will fluctuate. Current results may not be indicative of the future or likely performance of any investment.

The company's most recent financial statements are available under the company's SEDAR+ profile.

We seek Safe Harbor.