Power & Infrastructure Split Corp., a mutual fund corporation, has filed a prospectus supplement dated January 19, 2026 to its January 16, 2026 short form base shelf prospectus qualifying an at-the-market distribution of up to $50,000,000 of Preferred Shares and $50,000,000 of Class A Shares. The Preferred Shares and Class A Shares are listed on the TSX under symbols “PWI.PR.A” and “PWI,” and on January 16, 2026 closed at $10.13 and $11.05, respectively, with the most recently calculated NAV per Unit at $21.63. The Company and Brompton Funds Limited, as Manager, have entered into an equity distribution agreement with RBC Dominion Securities Inc. as Agent, under which the Company may distribute shares from time to time in transactions deemed to be “at-the-market distributions” under NI 44-102, at prevailing market prices, with no minimum proceeds required. The issue price will not, as far as reasonably practicable, cause dilution of NAV and will not be less than 100% of the most recently calculated NAV per Unit. The Company will pay the Agent up to 2.5% of the gross sales price per Preferred Share and per Class A Share. Net proceeds will be used in line with the Company’s investment objectives and restrictions, focused on a globally diversified, actively managed portfolio of dividend-paying power and infrastructure companies.

Certain legal matters will be passed upon by Osler, Hoskin & Harcourt LLP for the Company and Stikeman Elliott LLP for the Agent.