Evermore Capital Inc. Announces Fourth Quarter Distributions for the Evermore Retirement ETFs

TORONTO, December 22, 2022 - Today, Evermore Capital Inc. (“Evermore”) is pleased to announce the estimated fourth quarter cash distribution amounts per unit for the Evermore Retirement ETFs, which trade on the NEO Exchange, for the period ending December 31, 2022.

The ex-dividend date for the distributions will be December 29, 2022, for all the Evermore Retirement ETFs. Unitholders of the Evermore Retirement ETFs with record on December 30, 2022, will receive cash distributions payable on January 6, 2023. All distributions are paid in Canadian Dollars.

Distributions for the Evermore Retirement ETFs will vary from period to period.

Effective 2023, the Evermore Retirement ETFs will switch its cash distribution per unit frequency from quarterly to annual leading up to each of the Evermore Retirement ETF’s target year. In and after the target year, each of the Evermore Retirement ETF will have a monthly cash distribution.

Forward-looking information

This press release contains forward-looking statements with respect to the estimated December 2022 cash distributions. Forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially. Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to, the actual amounts of distributions received by the Evermore Retirement ETFs, portfolio transactions, currency hedging transactions, and subscription and redemption activity.

About Evermore

Evermore Capital Inc. is a Canadian asset management company that created and issued the first target date ETFs in Canada, Evermore Retirement ETFs. Evermore provides Canadians with low-cost, easy to understand, accessible, and goal-based retirement investment solutions. Evermore Retirement ETFs are the first and only target date ETFs in Canada. Evermore Retirement ETFs simplify retirement investing and take the hassle out of deciding what to buy, sell, or when to rebalance, offering Canadians peace of mind in one ETF. For more information on Evermore and the Evermore Retirement ETFs, visit www.evermore.ca

Commissions, trading fees, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

For Investor Inquiries

(416) 861-8383

info@evermore.ca

Media Contact

Lindsay Silverberg

Talk Shop Media

416-710-3733

lindsay@talkshopmedia.com