Guardian Capital Group Limited to be taken private pursuant to all cash go-private offer from Desjardins in $1.67 billion transaction valuing Guardian shares at $68

All financial amounts are in Canadian dollars unless stated otherwise.

TORONTO, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has entered into a definitive agreement with Desjardins Global Asset Management Inc. (DGAM), an affiliate of Desjardins Group (Desjardins), a diversified financial institution, to go private in a transaction (the Transaction) that values Guardian’s equity at approximately $1.67 billion. All issued and outstanding Common and Class A shares of Guardian (the Guardian Shares) will be purchased for cash consideration equal to $68.00 per Guardian Share, other than Guardian Shares held by specified shareholders who entered into equity rollover agreements (the Rollover Shareholders) as further detailed below. The cash purchase price on the Guardian Shares represents a 66% and 48% premium to the last closing price of the Class A shares and Common shares of Guardian, respectively, prior to the announcement of the Transaction and a premium of 65% and 54% to the 30-day volume-weighted average trading price on the Toronto Stock Exchange for the Class A shares and the Common shares of Guardian as at such date, respectively.

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