Dividend Growth Split Corp. Renews At-The-Market Equity Program Page 1

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TORONTO, August 27, 2024 (GLOBE NEWSWIRE) — (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the “Fund”) is pleased to announce that it has extended its at-the-market equity program (“ATM Program”), which allows the Fund to issue Class A and preferred shares (respectively, the “Class A Shares” and “Preferred Shares”) to the public from time to time, at the Fund’s sole discretion. This ATM Program replaces the previous program established in April 2023, which has been terminated. Any Class A Shares or Preferred Shares sold under the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or another marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program are made pursuant to the terms of a stock distribution agreement dated August 26, 2024 (the “Stock Distribution Agreement”) with RBC Capital Markets (the “Agent”).

The sales of Class A shares and preferred shares will be made through “at-the-market distributions” as defined in National Instrument 44-102. Plank divisions on the TSX or on a marketplace for the Class A shares and preferred shares in Canada. Since the Class A shares and preferred shares are distributed at prevailing market prices at the time of sale, prices may vary among purchasers during the distribution period. The ATM program is offered pursuant to a prospectus supplement dated August 26, 2024 to the Fund’s short form base shelf prospectus dated August 1, 2024. The maximum gross proceeds from the issuance of the shares is $75 million for each of the Class A shares and preferred shares. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor or representatives of the Agent and are available on SEDAR+ at www.sedarplus.ca.

The volume and timing of distributions under the ATM Program, if any, will be determined in the Fund’s sole discretion. The ATM Program will remain in effect until September 1, 2026, unless terminated by the Fund prior to that date. The Fund intends to use the proceeds of the ATM Program in accordance with the Fund’s investment objectives and strategies, subject to the Fund’s investment restrictions.