Burnaby, British Columbia--(Newsfile Corp. - October 16, 2025) - Canlan Ice Sports Corp. (TSX: ICE) ("Canlan") a leading sports and entertainment company, today announced that its Board of Directors (the "Board") has declared a special dividend to shareholders of $0.50 per common share. The special dividend will be paid on November 18, 2025 to common shareholders of record at the close of business on October 31, 2025.

"We are pleased to announce a second special dividend, this in combination with our first special dividend that was paid on August 15, 2025, will result in a return of capital to our shareholders of one dollar per share. These two dividends demonstrate our commitment to providing our shareholders with a return on their investment in Canlan, whilst ensuring that Canlan has the capital to continue to grow its business and make investments that enhance our customer experience," said Victor D'Souza, Chair of the Board.

The special dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits, which reduce income tax otherwise payable.

About Canlan

Canlan Sports is the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces. To learn more about Canlan please visit www.canlansports.com.

Canlan Ice Sports Corp. has proudly been listed on the Toronto Stock Exchange for over 35 years and the stock trades under the symbol "ICE."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270769