Copland Road Capital Corporation entered into an arrangement agreement to Spin-Off 69.09% stake in Edmiston Drive Capital Corp. on October 31, 2022. Under the terms of arrangement, Copland Road will distribute common shares to current shareholder on basis of 0.25 shares of Edmiston Drive. 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. In Related transaction, Copland Road Capital Corporation also spin-off Broomloan Road Capital Corp,Bothwell Road Capital Corp., Goram Capital Corp. and James Bell Capital Corp on October 31, 2022. 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. The transaction has been approved by the shareholders of Copland Road Capital in Special meeting held on December 13, 2022 and the approval of court of British Columbia was received on December 15, 2022. 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.