TC Transcontinental's Board of Directors authorizes a special distribution related to the sale of its packaging sector

MONTREAL, March 10, 2026 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) ("TC Transcontinental" or the "Corporation") is pleased to announce that, in connection with the closing of the sale of the Corporation's Packaging Sector to ProAmpac Holdings Inc. and certain of its subsidiaries, as previously announced on March 6, 2026, the Board of Directors of the Corporation has authorized a special cash distribution of $20.00 (the “Distribution”) per Class A Subordinate Voting Share (the "Class A Shares") and Class B Share (the "Class B Shares"), to be effected by: (i) a reduction of stated capital of approximately $7.00 per Class A Share, and (ii) a cash dividend for the balance of the Distribution. The Distribution will be payable on Friday, March 20, 2026 (the “Payment Date”), to shareholders of record holding Class A Shares and Class B Shares as of March 18, 2026 (the “Record Date”).