On August 13, 2025, Infrastructure Dividend Split Corp. announced an at-the-market equity offering (the “Offering”) of up to $150 million, split evenly between $75 million in Preferred Shares and $75 million in Class A Shares. Shares will be issued in equal numbers as Units, each comprising one Preferred Share and one Class A Share.

The Preferred Shares and Class A Shares are listed on the Toronto Stock Exchange (TSX) under the symbols “IS.PR.A” and “IS”, respectively. As of August 12, 2025, the closing prices were $11.34 for Preferred Shares and $15.86 for Class A Shares, with a Net Asset Value (NAV) per Unit of $27.04. The TSX has conditionally approved the listing of additional shares, subject to the Company meeting all listing requirements.

The Offering will be conducted by National Bank Financial Inc. (the “Agent”) under a distribution agreement. Sales will occur as “at-the-market distributions” under National Instrument 44-102, at prevailing market prices, and in accordance with National Instrument 81-102 to avoid NAV dilution.

Legal matters were handled by Fasken Martineau DuMoulin LLP for the Company and McCarthy Tétrault LLP for the Agent. Both firms’ partners and associates collectively hold less than 1% of the Company’s outstanding securities.