On May 23, 2025, Glacier Credit Card Trust® has filed a final short form base shelf prospectus permitting the issuance of up to C$2,000,000,000 in credit card asset-backed notes over a 25-month period. The offering involves one or more series, each potentially including multiple classes or tranches, backed by credit card receivables originated and serviced by Canadian Tire Bank, a subsidiary of Canadian Tire Corporation, Limited. These notes offer investors exposure to high-quality consumer receivables while providing flexible financing for Canadian Tire Bank.

The Notes may be offered publicly or privately in Canada by a syndicate of dealers acting severally, either as agents of the issuer or on a principal basis, subject to confirmation through a Dealer Agreement. The appointed Dealers include ATB Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. Terms such as interest rate, maturity, and structural details will be specified in accompanying prospectus supplements.

Legal matters related to the offering are subject to approval by McCarthy Tétrault LLP for the Trust and Canadian Tire Bank, and by Stikeman Elliott LLP on behalf of the Dealers. The final base shelf prospectus is dated May 24, 2024, and all figures are stated in Canadian dollars—no conversion is necessary.