Smead Capital Management, a Phoenix-based investment management firm and a leader in value investing, today announced that its Canadian subsidiary, Smead Capital Management (Canada) Ltd. (“Smead Canada”), has received registration approval from the Ontario Securities Commission (OSC), effective July 2, 2026. The approval opens the door to the firm's first formal expansion into Canada.

Smead Canada is registered as:

• Portfolio Manager (PM) in Ontario and Alberta
• Investment Fund Manager (IFM) in Ontario, Newfoundland & Labrador and Québec

This milestone allows Smead Canada to begin operating in the categories and jurisdictions for which it has been approved, marking an important step in the firm's expansion into the Canadian market.

“Canada is home to exactly the kind of long-term investors we want to serve, investors who understand that building real wealth takes time and conviction,” said Cole Smead, CFA, CEO and Portfolio Manager of Smead Capital Management. “Registration with the OSC is the foundation for that work. We didn't come to Canada to chase a trend; we came to bring a disciplined value approach to investors who play the long game. We intend to be here for the long haul.”

Smead Canada plans to bring investment products to family offices, institutional investors and Canadian retail mutual fund platforms in the future. Further information will be announced following applicable regulatory review and prospectus receipt.

Registration with the OSC and other Canadian securities regulators does not imply that the regulator has approved or endorsed Smead Canada, its personnel or any investment products it may offer. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

About Smead Capital Management

At Smead Capital Management, we are stock market investors. Our investors are individuals, advisors, family offices and institutions globally who invest with the firm through its mutual funds, separate accounts and other investment vehicles. We advise investors who play the long game through a low turnover, differentiated value discipline seeking wonderful companies to build wealth. The firm manages $5.34 billion as of May 31, 2026. For more information visit http://www.smeadcap.com or call (877) 701-2883.

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