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Stagevision, a Banyan Capital Partners portfolio company, announced that Jason Grouette has been appointed Chief Executive Officer. Former CEO Scott Tomlinson has transitioned to the role of Vice Chairman and continues to provide strategic guidance to the company. This leadership transition is effective January 7, 2026.

Jason has been an Operating Partner with Banyan since 2022 and has over 20 years of leadership experience from his tenure as an executive at 3M, including navigating 3M’s N95 response during the COVID-19 pandemic.

We’re excited to share that Connor, Clark & Lunn Investment Management has been recognized with the 2025 Coalition Greenwich Award: Best Asset Manager for Institutional Investors in Canada!*

This award reflects excellence across both investment performance and client service, as measured by the Greenwich Quality Index. It’s a proud moment for our entire team – investment professionals, client solutions and operations teams, among many others – whose dedication makes achievements like this possible.

“This recognition is a testament to the strength of our people and the trust of our clients,” says Martin Gerber, President and CIO of Connor, Clark & Lunn Investment Management. “We strive every day to deliver exceptional results and service, and this award reinforces that commitment. I’d like to thank all of our team members for their dedication and great work that led to this recognition.”

We’re proud of having been awarded four times in the past five years by Coalition Greenwich for excellence in different areas of Canadian institutional investment management, and remain committed to delivering for our clients for years to come.

* Throughout 2025, Crisil Coalition Greenwich conducted interviews with 147 of the largest corporate pension funds, public pension funds, financial institutions, endowments and foundations in Canada and other global regions. Senior fund professionals were asked to provide detailed evaluations of their investment managers, assessments of those managers soliciting their business, and insights on important market trends. Connor, Clark & Lunn Investment Management did not provide Crisil Coalition Greenwich with any compensation for this survey.

For further information on performance, please contact us at [email protected].

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and Alpenglow Rail (Alpenglow) are pleased to announce the successful closing of an inaugural private placement financing raising in excess of CAD280 million. The process attracted interest from a diverse group of leading North American financial institutions, resulting in the transaction being significantly oversubscribed. The private placement notes received an investment grade rating.

The strategic partnership between CC&L Infrastructure and Alpenglow was established in 2019 to develop and operate a diversified portfolio of rail businesses across North America. Alpenglow’s portfolio encompasses six rail terminals: three terminals in Canada under the VIP Rail brand (Sarnia and Corunna in Ontario and Alberta Midland in Alberta) and three terminals in the United States under the USA Rail brand (Port Allen in Louisiana and Port Arthur and Orange in Texas). Alpenglow offers a full suite of rail solutions to its customers, including railcar storage, switching, transloading and railcar cleaning, among others.

Ryan Lapointe, Managing Director at CC&L Infrastructure, commented: “CC&L Infrastructure is pleased to complete this successful financing, which underscores the strength of our partnership with Alpenglow and the quality of the rail platform we have built together. At the outset of our partnership, we envisioned creating a safe, scalable, customer-focused rail business and this financing positions us well to continue executing on that vision. Our long-term investment approach provides a strong value proposition within the rail sector, and we look forward to supporting the next phase of growth and value creation across the portfolio.”

Henning von Kalm, Chief Financial Officer of Alpenglow, added: “Together with CC&L Infrastructure, we remain focused on owning and operating high-quality rail assets for the long term. This private placement is a testament to the resilience of our business model and the confidence investors have in our platform. Alpenglow’s rail terminals are strategically located within North America’s leading refining and petrochemical hubs – the Alberta Heartland, the US Gulf Coast and Southwestern Ontario. With this established footprint across multiple markets, we are excited to build on our successes and continue delivering strong results.”

CIBC Capital Markets (CIBC) served as the exclusive financial advisor and lead placement agent to CC&L Infrastructure and Alpenglow. National Bank of Canada Capital Markets and Desjardins Capital Markets served as additional placement agents, and Torys LLP acted as issuer’s counsel.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. To date, CC&L Infrastructure has accumulated over $7 billion in assets under management, diversified across a variety of geographies, sectors and asset types, with more than 100 underlying facilities across approximately 40 individual investments. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., an independently owned, multi-affiliate asset management firm that provides a broad range of traditional and alternative investment management solutions to institutional and individual investors. Connor, Clark & Lunn Financial Group’s affiliates manage over CAD167 billion in assets. For more information, please visit www.cclinfrastructure.com.

About Alpenglow Rail

Alpenglow Rail develops and manages freight rail businesses and related transportation assets across North America. Alpenglow Rail currently owns and operates six rail terminals strategically located in leading industrial markets within Canada and the US Gulf Coast. Alpenglow Rail was founded by a team of seasoned railroad executives with significant experience in the acquisition, operation, development and growth of North American short line railroads. For more information, please visit www.alpenglowrail.com.

Contact Information

Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Henning von Kalm
Chief Financial Officer
Alpenglow Rail
(917) 293-2351
[email protected]

As a United Nations-supported Principles for Responsible Investment (UN PRI) signatory, we are pleased to share the results of our 2025 Assessment Report. This year, CC&L Infrastructure advanced several risk-management and value-creation initiatives that supported increased scores. These strong results reflect the team’s hard work, disciplined approach and commitment to active asset management.

Learn more about how we are putting PRI Principles into practice.

Connor, Clark & Lunn Investment Management (CC&L Investment Management) is pleased to announce a new CPP Investments case study that highlights its enduring partnership with CC&L Investment Management. At the heart of our partnership is a commitment to continuous research and development of quantitative investing on a global scale.

Since 2004, CC&L Investment Management has been a trusted investment partner to CPP Investments. The case study details the evolution of this collaboration – from an innovative long/short equity overlay mandate to a sophisticated global quantitative equity strategy.

CPP Investments made its initial investment based on CC&L Investment Management’s capabilities, people and processes. Since then, CC&L Investment Management’s embrace of advanced data science and development of expertise and proprietary investment models has grown and evolved in step with CPP Investments’ needs.

The relationship between CPP Investments and CC&L Investment Management is more than an investment management mandate – it is a strategic partnership, a shared journey of innovation, problem-solving and mutual growth. In 2024, we celebrated 20 years of partnership, a remarkable testament to the strength and resilience of our collaboration.

“The depth of our partnership allows us to withstand both strong and weak periods and make the changes required,” says Martin Gerber, President & Chief Investment Officer of Connor, Clark & Lunn Investment Management. “What we do for CPP Investments today is very different from what we did 20 years ago – and that’s because of partnership and trust.”

To read the full case study, visit the CPP Investments Insight Institute.

Toronto, ON – October 23, 2025 – Connor, Clark & Lunn Funds Inc. (the “Manager”) today announced its intention to terminate CC&L Market Neutral Fund (the “Fund”). The termination is scheduled to take effect on or about December 10, 2025.

The decision to terminate the Fund was made after careful consideration of various factors and is part of the Manager’s ongoing effort to ensure its product lineup remains aligned with investor preferences and needs and meets long-term goals.

Effective October 23, 2025, units of the Fund will no longer be available for purchase. Existing unitholders may redeem or switch their units of the Fund for settlement on or prior to the close of business on December 9, 2025. After that time, any remaining unitholders will have their units automatically redeemed at the net asset value per unit as of the termination date.

A notice with further information regarding the termination of the Fund will be sent to unitholders of the Fund. Unitholders are encouraged to speak with their Financial Advisors to discuss the termination and their investment options.

About Connor, Clark & Lunn Funds Inc.

Connor, Clark & Lunn Funds Inc. partners with leading Canadian financial institutions and their investment advisors to deliver unique institutional investment strategies to individual investors through a select offering of funds, alternative investments and separately managed accounts.

By limiting the offering to a focused group of investment solutions, Connor, Clark & Lunn Funds Inc. is able to deliver unique and differentiated strategies designed to enhance traditional investor portfolios. For more information, please visit www.cclfundsinc.com.

For further information, please contact:
Lisa Wilson
Manager, Product & Client Service
Connor, Clark & Lunn Funds Inc.
416-864-3120
[email protected]

Caution concerning forward-looking information

Certain statements in this press release may contain forward-looking statements or forward-looking information that are predictive in nature and may include words such as “expects,” “anticipates,” “intends,” “plans,” believes,” “estimates” and similar forward-looking expressions or negative versions thereof. All information other than statements of historical fact may be forward-looking information. All forward-looking information in this press release is qualified by these cautionary statements. Forward-looking information in this press release includes, but is not limited to, statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, or expectations, including, but not limited to, the proposed termination of the Fund and the anticipated process for such termination. Such forward-looking information reflects management’s beliefs and is based on information currently available. Such forward-looking statements are based on current expectations and projections about future general economic, political, and other relevant market factors, and assumes there will be no changes to applicable tax or other laws or regulations. Although the Manager believes that the expectations reflected in such forward-looking information are reasonable, expectations and projections about future events are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable and, accordingly, may prove to be incorrect at a future date. Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements. A number of important factors can contribute to these differences, including, but not limited to, general economic, political, and market factors in Canada and internationally, global equity and capital markets, business competition, and catastrophic events. You should avoid placing any undue reliance on forward-looking statements. The forward-looking information contained in this press release is presented as of the preparation date of this press release and should not be relied upon as representing the Manager’s views as of any date subsequent to the date of this press release. The Manager disclaims any and all responsibility to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as specifically required by law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any funds and/or investment products managed or advised by the Manager or any of its affiliates, and is not, and should not be construed as, investment, tax, legal, or accounting advice, and should not be relied upon in that regard. Commissions, fees, and expenses all may be associated with investments in funds and/or other investment products managed or advised by the Manager or any of its affiliates. Please read a fund’s offering memorandum or prospectus, as applicable, which contains detailed information, and speak to an advisor before investing. Funds are not guaranteed, their values change frequently, and investors may experience a gain or loss. Past performance may not be repeated.

Toronto, ON, September 29, 2025 – Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce the acquisition of a 49% interest in a portfolio of three operating Ontario-based wind projects totaling approximately 235 megawatts (MW) of gross capacity from NextEra Energy Resources, LLC (Energy Resources). With this investment, CC&L Infrastructure’s renewable energy portfolio now represents nearly 2.4 gigawatts (GW) of gross capacity, including more than 1.2 GW of wind capacity across 10 distinct assets diversified by market, counterparty, jurisdiction, and wind regime.

Adelaide Wind, Bornish Wind and Goshen Wind (the Projects), are located in southern Ontario and have gross capacities of approximately 60 MW, 73 MW and 102 MW respectively, together generating energy equivalent to the annual consumption of over 200,000 Ontario households. All of the energy generated by the Projects is sold under 20-year Power Purchase Agreements (PPAs) to the Independent Electricity System Operator (IESO) (rated Aa3 by Moody’s). Energy Resources will retain a 51% ownership in the Projects and will continue to manage and operate the assets going forward.

“This acquisition further advances our strategy of building a resilient, long-term portfolio of infrastructure assets underpinned by strong counterparties and stable cash flows,” said Matt O’Brien, President of CC&L Infrastructure. “These projects strengthen our presence in the Ontario renewable market and demonstrate our commitment to responsible investment in projects that deliver attractive risk-adjusted returns.”

The Projects provide meaningful long-term economic contributions to the communities in which they operate through property taxes and direct funding. The Projects also have community benefit agreements in place with several local Indigenous groups.

“This transaction reflects both the strong fundamentals we continue to see in the Canadian renewables market and the ability of our team to execute on complex acquisitions with leading industry partners,” said Eric Reidel, Managing Director of CC&L Infrastructure. “We are pleased to have worked collaboratively with Energy Resources to complete this transaction, which highlights our relationship-driven approach to sourcing opportunities that add long-term value to our portfolio.”

CIBC Capital Markets served as CC&L Infrastructure’s financial advisor on the transaction and Torys LLP served as its legal counsel.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. To date, CC&L Infrastructure has accumulated approximately $7 billion in assets under management diversified across a variety of geographies, sectors and asset types, with over 100 underlying facilities across over 35 individual investments. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage approximately $154 billion in assets.

Contact

Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Toronto, ON – MidStar Capital Corp. announced today that it closed a senior term loan credit facility in support of Eos Management L.P.’s refinancing of Legacy Supply Chain Holdings, Inc.

MidStar Capital acted as Sole Lead Arranger and Administrative Agent on this transaction.

“We are pleased to have completed our first deal with MidStar Capital. Their seamless approach and dedication to partnership made the process smooth and efficient. We look forward to working together on future opportunities,” said Adam Gruber, Managing Director, Eos Management.

“Executing on Legacy’s growth strategy requires strategic partners,” said Mike Glodziak, President and CEO of Legacy Supply Chain. “Throughout the process, MidStar demonstrated to us that they were the right partner to help fuel our growth.”

About Eos Management L.P.

Formed in 1994, Eos Management is an investment firm with a decades-long track record of making private equity investments in middle-market companies. Eos Management partners with management teams to expand and strengthen their capabilities, accelerate growth both organically and through acquisition, and grow these businesses into larger scale, leading enterprises.

About Legacy Supply Chain Holdings, Inc.

Legacy Supply Chain has been a trusted partner for businesses seeking greater control over their dynamic supply chains for over 40 years. With over 30 operations across the United States and Canada, Legacy Supply Chain is a leading North American, third-party logistics provider offering tailored warehousing and distribution, eCommerce fulfillment, and transportation solutions. These solutions drive control over dynamic, omnichannel supply chains, enabling businesses to deliver exceptional customer experiences.

About MidStar Capital Corp.

MidStar Capital provides structured private debt financing solutions targeting borrowers with EBITDA between $5 million and $50 million. MidStar was launched in January of 2017 and is a partnership owned jointly by the MidStar management team and Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group).

MidStar Capital is part of CC&L Financial Group, an independent, employee-owned, multi-boutique asset management firm with over 40 years of history. Collectively managing over CAD154 billion in assets, CC&L Financial Group and its affiliate firms offer a diverse range of investment products and solutions to institutional, high-net-worth and retail clients.

For enquiries, please contact:

MidStar Capital
Tanya Taggart
Co-Founder
416-862-6182
[email protected]

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce the recent closing of more than US$200 million in bank financing with a syndicate of international institutions, including CIBC, MUFG, Desjardins Group, and SuMi TRUST, across its portfolio of US renewable power projects.

The portfolio, which was acquired in 2021 alongside Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company, both part of Desjardins Group, represents more than 560 megawatts (MW) of installed capacity. This includes a 200 MW solar project in Indiana, as well as four wind farms located in Indiana, Wisconsin, Oklahoma, and Ohio with an aggregate installed capacity of more than 360 MW. Each asset is fully contracted through long-term power purchase agreements with high-quality offtakers, and the portfolio provides geographically diversified exposure to three distinct US electricity markets.

“The completion of this refinancing marks a notable achievement by our asset management team,” said Moira Turnbull-Fox, Head of Asset Management for CC&L Infrastructure. “It demonstrates our proactive approach to financial optimization and value creation. By leveraging the strength of our existing assets and relationships, we have successfully secured an attractive financing package that is accretive to value. These efforts align with our disciplined investment strategy, ensuring long-term value for our investors.”

CC&L Infrastructure owns more than two gigawatts of gross renewable power capacity globally, diversified across a variety of energy markets, contract counterparties, regulatory jurisdictions and technologies (i.e. wind, solar and hydro). In aggregate, CC&L Infrastructure has closed over $5 billion in renewable power debt financings in recent years.

National Bank of Canada Capital Markets served as financial advisor to CC&L Infrastructure on the financing, Torys LLP acted as borrower’s counsel, and Winston & Strawn LLP acted as lender’s counsel.

About Connor, Clark & Lunn Infrastructure

About Connor, Clark & Lunn Financial Group Ltd.

Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is an independently owned, multi-affiliate asset management firm that provides a broad range of traditional and alternative investment management solutions to institutional and individual investors. CC&L Financial Group brings significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing talented investment managers to focus on what they do best. CC&L Financial Group’s affiliates manage over $154 billion in assets. For more information, please visit cclgroup.com.

Contact:

Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Connor, Clark & Lunn Private Capital Ltd. (CC&L Private Capital) is pleased to announce that Cameron Smith is joining its leadership team as a Managing Director, Sales Management effective September 2, 2025.

In his new role, Cameron will oversee the firm’s growth and client engagement efforts. Cameron joins CC&L Private Capital with extensive experience, having spent the past five years at Nicola Wealth as Vice President, Advisory Services, and before then in leadership and advisory roles with MD Financial Management.

With nearly two decades of experience in the financial services industry, Cameron possesses extensive knowledge and expertise in delivering wealth management services to high-net-worth clients. Cameron holds the CFP®, CIM® and FCSI® designations. “We are thrilled to welcome Cameron to our firm,” said Jeff Guise, Managing Director, Chief Investment Officer at CC&L Private Capital. “His character, leadership and industry knowledge will be invaluable attributes to CC&L Private Capital as we continue to serve our clients and enhance our offering.”

“I am honoured to join CC&L Private Capital,” said Cameron. “The firm’s investment philosophy and governance are best-in-class, and I am proud to be part of a team with some of the most dedicated Wealth Advisors in the country. I believe the firm is poised for further growth, and I look forward to contributing to that success.”

CC&L Private Capital provides expert wealth management advice to high-net-worth families, foundations, and Indigenous communities across the country. With over $18 billion in assets under management, it is one of Canada’s largest independent and privately held investment managers, and is part of the broader Connor, Clark & Lunn Financial Group.

CC&L Financial Group Ltd.

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