Copland Road Capital Corporation entered into an arrangement agreement to Spin-Off 69.09% stake in Edmiston Drive Capital Corp. on October 31, 2022. The directors of Copland Road Board have concluded that the terms of the Arrangement are fair and reasonable to, and in the best interests of, Copland Road and the Copland Road Shareholders. The Board recommends that Copland Road Shareholders vote for the approval of the Arrangement. The Plan of Arrangement is subject to approval by two-thirds of the Copland Road shareholders as well as final approval of the Supreme Court of British Columbia. As of December 16, 2022, The transaction has been approved by the shareholders of Copland Road Capital. The Record date for plan of arrangement is January 31, 2023. The Plan of Arrangement is expected to close by not later than January 31, 2023.

Copland Road Capital Corporation completed the Spin-Off of 69.09% stake in Edmiston Drive Capital Corp on January 31, 2023.