Author: Ravi Shankar

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — New Commerce Split (The “Company”) declares a monthly distribution of $0.07500 per share for Capital shareholders (YCM), and its regular monthly distribution of $0.02500 per share ($0.30 annually) for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B). The Class I Preferreds are paid at an annual rate of 6.00% based on their $5 repayment amount. Class II Preferreds are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable November 10, 2026 to shareholders on record as at October 30, 2026.

The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Distribution Details
Capital Share (YCM)	$0.07500
Class I Preferred Share (YCM.PR.A)	$0.02500
Class II Preferred Share (YCM.PR.B)	$0.03125
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.commercesplit.com

info@quadravest.com

FAYETTEVILLE, Ark., Oct. 20, 2026 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of $5.1 million, or $1.04 per diluted share, in the third quarter of 2026, compared to $4.2 million, or $0.85 per diluted share, in the second quarter of 2026, and $3.5 million, or $0.72 per diluted share, in the third quarter of 2025. In the first nine months of 2026, net income increased to $12.7 million, or $2.58 per diluted share, compared to $9.5 million, or $1.93 per diluted share, in the first nine months of 2025. All financial results are unaudited and all per share data has been adjusted to reflect the two-for-one stock split effected in the form of a stock dividend on September 4, 2026.

“Our results continue to reflect the strength of our people and the communities we serve,” said Gary Head, Chief Executive Officer. “Our employees bring dedication and care to their work every day, and our clients and communities continue to place their trust in us. We are grateful to serve markets with such strong character and resilience, and we don’t take those relationships for granted. As we close out the year, we look forward to building on this success together with the people and places that make our bank what it is.”

“This quarter marked record earnings for the Company, the culmination of years of strategic planning and disciplined execution across the organization,” said Scott Sandlin, Chief Strategy Officer. “The results reflect the deliberate steps we have taken to strengthen our balance sheet, deepen client relationships and drive operational efficiencies throughout the business. It was a highly productive quarter, and we are proud of what our team has accomplished. Having reached this level of earnings reinforces our confidence in the strategies we’ve put in place, and we expect to continue building on this momentum in the quarter ahead.”

Third Quarter 2026 Financial Highlights:

• Net income for the third quarter of 2026 increased to $5.1 million, or $1.04 per diluted share, compared to $4.2 million, or $0.85 per diluted share, in the second quarter of 2026, and $3.5 million, or $0.72 per diluted share, in the third quarter of 2025.
• Net interest income increased 3.5% to $14.3 million in the third quarter of 2026, compared to $13.8 million in the second quarter of 2026, and increased 11.9% compared to $12.8 million in the third quarter of 2025.
• Net interest margin (“NIM”) remained consistent in the third quarter compared to the second quarter of 2026 at 3.59% and decreased seven basis points from 3.66% in the third quarter of 2025.
• The Company did not record any provision for credit losses in the third quarter of 2026, compared to a $575,000 provision for credit losses in the second quarter of 2026, and a $375,000 provision for credit losses in the third quarter of 2025.
• Net loans increased 10.9% to $1.375 billion at September 30, 2026, compared to $1.240 billion at September 30, 2025, and increased 2.8% compared to $1.338 billion at June 30, 2026.
• Nonperforming loans represented 0.03% of total loans at September 30, 2026, compared to 0.04% at June 30, 2026, and 0.03% of total loans in the third quarter of 2025.
• Total deposits increased by 0.1% to $1.432 billion at September 30, 2026 compared to $1.430 billion at June 30, 2026, and increased $146.5 million, or 11.4%, year-over-year, compared to $1.285 billion at September 30, 2025.
• Core deposits (demand and non-interest-bearing, savings and interest-bearing transaction accounts, CDs under $250,000 and CDARs reciprocal deposits) represented 71.5% of total deposits at September 30, 2026.
• Tangible book value per share increased 10.2% to $24.10 at September 30, 2026, compared to $21.87 a year ago.

Income Statement

The Company generated a return on average assets of 1.22% and a return on average equity of 16.40% in the third quarter of 2026 compared to 1.03% and 13.82%, respectively, in the second quarter of 2026 and 0.95% and 13.07%, respectively, in the third quarter of 2025.

“Net interest margin was stable compared with the prior quarter, as higher asset yields were offset by an increase in funding costs. Compared to a year ago, margin was down seven basis points, with lower funding costs only partially offsetting the decline in asset yields. We continue to manage deposit pricing with discipline as we navigate margin performance in the current rate environment,” said Brant Ward, President.

NIM remained consistent in the third quarter compared to the second quarter of 2026 at 3.59% and decreased seven basis points from 3.66% in the third quarter of 2025. For the first nine months of 2026, NIM was 3.56% which was up two basis points compared to the first nine months of 2025.

Net interest income increased 3.5% to $14.3 million in the third quarter of 2026, compared to $13.8 million in the second quarter of 2026, and increased 11.9% compared to $12.8 million in the third quarter of 2025. Total interest income increased 4.5% to $25.1 million in the third quarter of 2026, compared to $24.0 million in the second quarter of 2026, primarily attributable to modest increases in loans and investment securities, and increased 10.7% compared to $22.7 million in the third quarter a year ago. Total interest expense increased to $10.8 million in the third quarter of 2026, from $10.2 million in the second quarter of 2026, and $9.9 million in the third quarter a year ago. The increase in interest expense was largely due to higher deposit costs compared to both the prior quarter and the year-ago quarter. In the first nine months of 2026, net interest income increased 16.5% to $41.2 million, compared to $35.3 million in the first nine months of 2025.

Noninterest income was $2.5 million in the third quarter of 2026, nearly unchanged compared to the second quarter of 2026, and increased 13.5% compared to $2.2 million in the third quarter of 2025. Year-to-date, noninterest income increased 16.2% to $7.2 million, compared to $6.2 million in the same period a year earlier, with higher wealth management fee income largely contributing to the increase.

Noninterest expense was $10.1 million in the third quarter of 2026, compared to $10.2 million in the second quarter of 2026 and $10.0 million in the third quarter of 2025. Higher salaries and benefits expense contributed to the increase compared to the year ago quarter. In the first nine months of the year, noninterest expense increased to $30.8 million, compared to $27.4 million in the first nine months of 2025.

Balance Sheet

Total assets increased 10.6% to $1.647 billion at September 30, 2026, from $1.489 billion at September 30, 2025, and increased 0.9% compared to $1.632 billion at June 30, 2026.

Cash and cash equivalents totaled $26.2 million at September 30, 2026, compared to $26.7 million a year ago. Investment securities totaled $173.3 million at September 30, 2026, an increase from $151.2 million at September 30, 2025. Loans, net of allowance for credit losses, increased 10.9% to $1.375 billion at September 30, 2026, compared to $1.240 billion at September 30, 2025, and increased 2.8% compared to $1.338 billion at June 30, 2026.

Total deposits increased 11.4% to $1.432 billion at September 30, 2026, compared to $1.285 billion at September 30, 2025, and increased 0.1% compared to $1.430 billion at June 30, 2026. Demand and non-interest-bearing deposits increased 5.9%, savings and interest-bearing transaction accounts increased 19.4% and time deposits increased 7.0% compared to a year ago.

FHLB advances decreased to $24.4 million at September 30, 2026, compared to $34.4 million a year prior, and increased compared to $11.4 million at June 30, 2026. Total stockholders’ equity increased to $118.9 million at September 30, 2026, compared to $108.1 million at September 30, 2025, and $118.0 million at June 30, 2026. Tangible book value per common share increased to $24.10 at September 30, 2026, compared to $21.87 at September 30, 2025, and $23.91 at June 30, 2026. All per share data has been adjusted to reflect the two-for-one stock split effected in the form of a dividend on September 4, 2026.

Credit Quality

The Company did not record any provision for credit losses in the third quarter of 2026. This is compared to a $575,000 provision for credit losses in the second quarter of 2026, and a $375,000 provision for credit losses in the third quarter of 2025.

Nonperforming loans totaled approximately $480,000 at September 30, 2026. This compared to $532,000 in nonperforming loans at June 30, 2026, and $365,000 in nonperforming loans at September 30, 2025. Nonperforming loans represented 0.03% of total loans at September 30, 2026, compared to 0.04% at June 30, 2026, and 0.03% of total loans a year ago.

“Credit quality held up well this quarter, a result of our consistent underwriting standards and the resilience of the communities we serve. A significant net recovery, along with stable credit trends, meant no provision for credit losses was needed this quarter, even as loans continued to grow at a steady pace. We remain focused on managing the balance sheet with discipline,” said Jeff Maland, Chief Risk Officer. The allowance for credit losses was $16.3 million, or 1.17% of total loans, at September 30, 2026, compared to $15.9 million, or 1.17% of total loans, at June 30, 2026, and $14.5 million, or 1.16% of total loans, at September 30, 2025.

Net loan recoveries were $474,000 in the third quarter of 2026, compared to net loan charge-offs of $45,000 in the second quarter of 2026, and net loan charge-offs of $143,000 in the third quarter of 2025.

Capital

The Bank’s capital ratios continued to exceed regulatory “well-capitalized” requirements, with a Total risk-based capital ratio estimate of 13.01%, a Tier 1 ratio of 11.76%, and a Leverage ratio of 9.64% for the Bank at September 30, 2026.

About White River Bancshares Company

White River Bancshares Company is the single bank holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas. The Bank has locations in Fayetteville, Springdale, Bentonville, Rogers, Brinkley, Harrison and Jonesboro, Arkansas. Founded in 2005, Signature Bank of Arkansas provides a full line of financial services to small businesses, families and farms. White River Bancshares Company (OTCQX: WRIV) trades on the OTCQX^® Best Market.  

About the Region

White River Bancshares Company is headquartered in thriving Northwest Arkansas in the Fayetteville-Springdale-Rogers MSA. The region is home to the corporate headquarters for Walmart Inc. (“Walmart”), Sam’s Club, Tyson Foods, Simmons Foods, and J.B. Hunt Transport. Hundreds of other market-leading companies including Procter & Gamble, Johnson & Johnson, Coca-Cola and Rubbermaid maintain offices in the region in order to maintain their relationships with the locally based Fortune 500 companies. Northwest Arkansas is also home to the state’s flagship public educational institution, The University of Arkansas, and its Sam M. Walton College of Business. The region has seen significant growth in its medical and arts infrastructures with the continued expansion of Washington Regional Medical System, Freeman Health System, Mercy Health System of Northwest Arkansas and Arkansas Children’s Hospital Northwest. Crystal Bridges Museum of American Art and the Walton Arts Center have led the expansion of the arts. Northwest Arkansas has been repeatedly recognized in recent years as one of the best places to live in the country and remains one of the nation’s fastest-growing regions. Walmart is making a major investment in its hometown facilities, building a new, 350-acre headquarters campus, including walking and biking trails, a hotel, fitness facilities and a large childcare center.

The Company has expanded eastward, with new markets in Jonesboro and Harrison. Jonesboro, located in Craighead County, is a city located on Crowley’s Ridge in the northeastern corner of Arkansas. It is the home of Arkansas State University and the cultural and economic center of Northeast Arkansas. Jonesboro also houses the region’s hospital network. U.S. Steel Corp. announced that it would locate a new $3 billion steel factory in Northeast Arkansas in Osceola, a move expected to create 900 jobs with an average pay over $100,000 annually, making it the largest capital investment project in Arkansas history. Harrison sits below Branson, Missouri, which is a family tourist destination and outdoor recreation, and is well known as an entertainment destination.

The Company currently operates out of ten locations; three in Washington County; three in Benton County; two in Monroe County; one in Boone County; and one in Craighead County.

According to the Northwest Arkansas Board of Realtors, the average home in Washington County sold for $398,000 in September 2026, with an average of 51 days on the market. For Benton County, the average house sold for $472,000, with an average of 65 days on the market.

Source:

http://www.nwarealtors.org/market-statistics/

Forward Looking Statements

This press release contains statements about future events. These forward-looking statements, which are based on certain assumptions of management of the Company and the Bank and describe our future plans, strategies and expectations, can generally be identified by use of forward-looking terminology such as “may,” “will,” “believe,” “plan,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or the negative of those terms. Our ability to predict results of future events and the actual effect of future plans or strategies are inherently uncertain, and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects or that could affect the outcome of such forward-looking statements include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; credit deterioration in our loan portfolio that would cause us to increase our allowance for credit losses; legislative or regulatory changes; technological developments; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of our loan and securities portfolios; demand for loan products in our market areas; deposit flows and costs of capital; liquidity and the availability of wholesale funding; changes in the fair value of our investment securities; cybersecurity incidents; competition; retention and recruitment of qualified personnel; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. Except as required by law, the Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

WHITE RIVER BANCSHARES COMPANY
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		For the Three Months Ended
		September 30,				June 30,				September 30,
		2026				2026				2025
INTEREST INCOME
Loans, including fees		$	22,828,148			$	21,784,168			$	21,184,478
Investment securities			1,871,377				1,791,496				1,381,205
Federal funds sold and other			414,642				458,631				119,881
Total interest income			25,114,167				24,034,295				22,685,564
INTEREST EXPENSE
Deposits			9,976,238				9,397,532				9,091,239
Federal Home Loan Bank advances			134,653				127,630				282,419
Notes payable			669,378				659,612				479,094
Federal funds purchased and other			636				–				22,998
Total interest expense			10,780,905				10,184,774				9,875,750
NET INTEREST INCOME			14,333,262				13,849,521				12,809,814
Provision for credit losses			–				575,000				375,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			14,333,262				13,274,521				12,434,814
NON-INTEREST INCOME
Service charges and fees on deposits			204,149				192,630				177,602
Wealth management fee income			1,308,626				1,146,636				1,081,538
Secondary market fee income			248,148				408,611				241,847
Bank owned-life insurance income			84,552				82,831				83,967
Gain on sales and write-downs of foreclosed assets			–				–				–
Other			643,685				625,954				609,055
TOTAL NON-INTEREST INCOME			2,489,160				2,456,662				2,194,009
NON-INTEREST EXPENSE
Salaries and benefits			6,185,140				6,219,768				5,923,998
Occupancy and equipment			1,315,425				1,233,812				1,277,189
Data processing			864,058				943,002				931,121
Marketing and business development			474,844				634,229				492,582
Professional services			812,398				763,047				861,874
Amortization of other intangible assets			53,036				53,037				53,036
Other			435,667				381,162				469,692
TOTAL NON-INTEREST EXPENSE			10,140,568				10,228,057				10,009,492
Income before income taxes			6,681,854				5,503,126				4,619,331
Income tax provision			1,582,639				1,331,963				1,081,452
NET INCOME		$	5,099,215			$	4,171,163			$	3,537,879
EARNINGS PER SHARE
Basic (1)		$	1.05			$	0.86			$	0.72
Diluted (1)		$	1.04			$	0.85			$	0.72
	(1)	Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026.

WHITE RIVER BANCSHARES COMPANY
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		Nine Months Ended
		September 30,
		2026				2025
INTEREST INCOME
Loans, including fees		$	65,594,484			$	59,111,182
Investment securities			5,254,809				4,071,549
Federal funds sold and other			1,358,892				528,776
Total Interest Income			72,208,185				63,711,507
INTEREST EXPENSE
Deposits			28,659,548				25,941,893
Federal Home Loan Bank advances			452,760				972,336
Notes payable			1,941,111				1,432,254
Federal funds purchased and other			642				43,133
Total interest expense			31,054,061				28,389,616
NET INTEREST INCOME			41,154,124				35,321,891
Provision for credit losses			1,080,000				1,845,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			40,074,124				33,476,891
NON-INTEREST INCOME
Service charges and fees on deposits			573,209				510,973
Wealth management fee income			3,658,028				3,093,467
Secondary market fee income			942,214				594,627
Bank owned life insurance income			248,645				246,760
Gain on sales and write-downs of foreclosed assets			–				15,475
Other			1,816,431				1,769,863
TOTAL NON-INTEREST INCOME			7,238,527				6,231,165
NON-INTEREST EXPENSE
Salaries and benefits			18,605,836				16,041,406
Occupancy and equipment			3,830,243				3,612,176
Data processing			2,696,110				2,646,434
Marketing and business development			1,633,380				1,499,268
Professional services			2,440,331				2,212,550
Amortization of intangible asset			159,109				159,109
Other			1,386,428				1,189,414
TOTAL NON-INTEREST EXPENSE			30,751,437				27,360,357
Income before income taxes			16,561,214				12,347,699
Income tax provision			3,906,099				2,882,312
NET INCOME		$	12,655,115			$	9,465,387
EARNINGS PER SHARE
Basic (1)		$	2.60			$	1.94
Diluted (1)		$	2.58			$	1.93
	(1)	Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026.

WHITE RIVER BANCSHARES COMPANY
CONSOLIDATED BALANCE SHEETS
(Unaudited)
		September 30, 2026				June 30, 2026				September 30, 2025
ASSETS
Cash and cash equivalents		$	26,191,092			$	50,663,272			$	26,693,919
Investment securities			173,285,932				170,990,805				151,214,197
Loans held for sale			1,334,859				2,932,183				2,353,071
Loans			1,391,430,419				1,353,385,224				1,254,892,691
Allowance for credit losses			(16,327,571	)			(15,853,123	)			(14,516,828	)
Net loans			1,375,102,848				1,337,532,101				1,240,375,863
Premises and equipment, net			35,329,287				35,765,424				37,028,441
Foreclosed assets held for sale			–				–				–
Accrued interest receivable			6,105,185				6,696,623				5,694,363
Bank owned life insurance			10,357,299				10,272,747				10,026,067
Deferred income taxes			6,489,656				4,847,229				3,938,119
Other investments			8,192,213				8,185,012				7,403,123
Intangible assets, net			1,431,985				1,485,021				1,644,131
Other assets			2,780,570				2,708,503				2,844,258
TOTAL ASSETS		$	1,646,600,926			$	1,632,078,920			$	1,489,215,552
			10.52	%
LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Demand and non-interest-bearing		$	248,145,995			$	250,136,679			$	234,374,901
Savings and interest-bearing transaction accounts			574,128,978				506,022,826				481,036,318
Time deposits			609,550,113				673,804,709				569,904,230
Total deposits			1,431,825,086				1,429,964,214				1,285,315,449
Federal Home Loan Bank advances			24,365,408				11,398,449				34,442,377
Notes payable			39,076,146				39,365,670				25,911,204
Operating lease liability			20,731,495				20,969,897				21,664,387
Reserve for losses on unfunded commitments			1,328,000				1,328,000				1,478,000
Accrued interest payable			2,648,252				3,450,889				2,487,967
Other liabilities			7,739,445				7,627,200				9,857,347
TOTAL LIABILITIES			1,527,713,832				1,514,104,319				1,381,156,731
Stockholders’ equity:
Common stock (1)			49,566				49,566				49,452
Surplus (1)			103,249,177				103,104,869				102,770,469
Retained earnings			26,118,363				21,025,696				10,325,833
Treasury stock, at cost			(1,393,294	)			(1,393,294	)			(1,284,359	)
Accumulated other comprehensive loss			(9,136,718	)			(4,812,236	)			(3,802,574	)
TOTAL STOCKHOLDERS’ EQUITY			118,887,094				117,974,601				108,058,821
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	1,646,600,926			$	1,632,078,920			$	1,489,215,552
	(1)	Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026.

WHITE RIVER BANCSHARES COMPANY
SUPPLEMENTAL INFORMATION
		(Unaudited)
		Three Months Ended
		September 30,				June 30,				September 30,
		2026				2026				2025
FOR THE PERIOD
Net income		$	5,099,215			$	4,171,163			$	3,537,879
Net income before taxes			6,681,854				5,503,126				4,619,331
Dividends declared per share (1)			–				0.25				–
PERIOD END BALANCE
Total assets		$	1,646,600,926			$	1,632,078,920			$	1,489,215,552
Total investments			173,285,932				170,990,805				151,214,197
Total loans, net			1,375,102,848				1,337,532,101				1,240,375,863
Allowance for credit losses			(16,327,571	)			(15,853,123	)			(14,516,828	)
Total deposits			1,431,825,086				1,429,964,214				1,285,315,449
Stockholders’ equity			118,887,094				117,974,601				108,058,821
RATIO ANALYSIS
Return on average assets (annualized)			1.22	%			1.03	%			0.95	%
Return on average equity (annualized)			16.40	%			13.82	%			13.07	%
Efficiency			60.28	%			62.73	%			66.71	%
Net loans/Deposits			96.04	%			93.54	%			96.50	%
Total Stockholders’ Equity/Total assets			7.22	%			7.23	%			7.26	%
Net loan losses/Total loans			-0.03	%			0.00	%			0.01	%
Uninsured & unpledged deposits			25.55	%			25.43	%			27.71	%
PER SHARE DATA
Shares oustanding (1)			4,873,405				4,873,508				4,866,490
Weighted average shares outstanding (1)			4,873,479				4,873,508				4,896,164
Diluted weighted average shares outstanding (1)			4,911,737				4,912,978				4,922,668
Basic earnings (1)		$	1.05			$	0.86			$	0.72
Diluted earnings (1)			1.04				0.85				0.72
Book value (1)			24.40				24.21				22.20
Tangible book value (1)			24.10				23.91				21.87
ASSET QUALITY
Net (recoveries) charge-offs		$	(474,449	)		$	44,637			$	142,996
Classified assets			3,783,816				4,082,145				399,978
Nonperforming loans			480,403				532,252				364,583
Nonperforming assets			480,403				532,252				364,583
Total nonperforming loans/Total loans			0.03	%			0.04	%			0.03	%
Total nonperforming loans/Total assets			0.03	%			0.03	%			0.02	%
Total nonperforming assets/Total assets			0.03	%			0.03	%			0.02	%
Allowance for credit losses/Total loans			1.17	%			1.17	%			1.16	%
	(1)	Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026.

WHITE RIVER BANCSHARES COMPANY
INTEREST INCOME AND EXPENSE
(Unaudited)
		Three Months Ended
		September 30,											June 30,											September 30,
		2026											2026											2025
		Average								Average			Average								Average			Average								Average
		Balance				Interest				Yield/Rate			Balance				Interest				Yield/Rate			Balance				Interest				Yield/Rate
Interest-earning assets:
Federal funds sold and other		$	45,699,639			$	414,642			3.60	%		$	49,781,095			$	458,631			3.70	%		$	10,868,303			$	119,881			4.38	%
Investment securities available-for-sale (1)			173,993,305				1,797,376			4.10	%			172,232,040				1,717,760			4.00	%			143,417,819				1,349,932			3.73	%
Loans receivable			1,355,519,559				22,828,148			6.68	%			1,318,356,642				21,784,168			6.63	%			1,232,089,067				21,184,478			6.82	%
Total interest-earning assets			1,575,212,503			$	25,040,166			6.31	%			1,540,369,777			$	23,960,559			6.24	%			1,386,375,189			$	22,654,291			6.48	%
Noninterest-earning assets			82,234,285											82,152,352											84,509,736
Total assets		$	1,657,446,788										$	1,622,522,129										$	1,470,884,925
Interest-bearing liabilities:
Interest-bearing deposits		$	1,203,981,008			$	9,976,238			3.29	%		$	1,168,960,248			$	9,397,532			3.22	%		$	1,042,365,371			$	9,091,239			3.46	%
FHLB advances and federal funds purchased			12,282,335				135,289			4.37	%			11,413,936				127,630			4.49	%			26,963,863				305,417			4.49	%
Notes payable			39,063,104				669,378			6.80	%			39,353,474				659,612			6.72	%			25,902,754				479,094			7.34	%
Total interest-bearing liabilities			1,255,326,447			$	10,780,905			3.41	%			1,219,727,658			$	10,184,774			3.35	%			1,095,231,988			$	9,875,750			3.58	%
Noninterest-bearing liabilities			278,797,702											281,721,922											268,274,441
Total liabilities			1,534,124,149											1,501,449,580											1,363,506,429
Stockholders’ equity			123,322,639											121,072,549											107,378,496
Total liabilities and stockholders’ equity		$	1,657,446,788										$	1,622,522,129										$	1,470,884,925
Net interest-earning assets		$	319,886,056										$	320,642,119										$	291,143,201
Net interest spread						$	14,259,261			2.90	%						$	13,775,785			2.89	%						$	12,778,541			2.91	%
Net interest margin										3.59	%										3.59	%										3.66	%
	(1)	Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).

WHITE RIVER BANCSHARES COMPANY
INTEREST INCOME AND EXPENSE
(Unaudited)
		Nine Months Ended September 30,
		2026											2025
		Average								Average			Average								Average
		Balance				Interest				Yield/Rate			Balance				Interest				Yield/Rate
Interest-earning assets:
Federal funds sold and other		$	49,868,605			$	1,358,892			3.64	%		$	16,374,100			$	528,776			4.32	%
Investment securities available-for-sale (1)			169,229,016				5,037,729			3.98	%			138,387,499				3,848,225			3.72	%
Loans receivable			1,316,681,897				65,594,484			6.66	%			1,169,902,372				59,111,182			6.76	%
Total interest-earning assets			1,535,779,518			$	71,991,105			6.27	%			1,324,663,971			$	63,488,183			6.41	%
Noninterest-earning assets			82,217,120											82,762,667
Total assets		$	1,617,996,638										$	1,407,426,638
Interest-bearing liabilities:
Interest-bearing deposits		$	1,171,530,124			$	28,659,548			3.27	%		$	988,873,615			$	25,941,893			3.51	%
FHLB advances and federal funds purchased			13,352,243				453,402			4.54	%			30,021,535				1,015,469			4.52	%
Notes payable			37,872,572				1,941,111			6.85	%			26,060,939				1,432,254			7.35	%
Total interest-bearing liabilities			1,222,754,939			$	31,054,061			3.40	%			1,044,956,089			$	28,389,616			3.63	%
Noninterest-bearing liabilities			274,423,835											258,282,905
Total liabilities			1,497,178,774											1,303,238,994
Stockholders’ equity			120,817,864											104,187,644
Total liabilities and stockholders’ equity		$	1,617,996,638										$	1,407,426,638
Net interest-earning assets		$	313,024,579										$	279,707,882
Net interest spread						$	40,937,044			2.87	%						$	35,098,567			2.78	%
Net interest margin										3.56	%										3.54	%
	(1)	Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).

Contact:         
Scott Sandlin, Chief Strategy Officer                                        
479-684-3754

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — TDb Split Corp. (“TDb Split”) declares its regular monthly distribution of $0.05000 for each Class A share ($0.60 annualized) and $0.05833 for each Priority Equity share ($0.700 annually). Distributions are payable November 10, 2026 to shareholders on record as at October 30, 2026.

Since inception, Class A shareholders have received a total of $9.00 per share and Priority Equity shareholders have received a total of $10.43 per share inclusive of this distribution, for a combined total of $19.43.

TDb Split invests in common shares of Toronto-Dominion Bank, a leading Canadian Financial institution.

Distribution Details
Class A Share (XTD)	$0.05000
Priority Equity Share (XTD.PR.A)	$0.05833
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.tdbsplit.com

info@quadravest.com

  

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Canadian Banc Corp. (The “Company”) declares its monthly distribution of $0.20063 for each Class A share and $0.04958 for each Preferred share. Distributions are payable November 10, 2026 to shareholders on record as at October 30, 2026.

Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on October 30, 2026 will receive a dividend of $0.20063 per share based on the VWAP of $16.05 payable on November 10, 2026. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy.

Preferred shareholders will receive prime plus 1.50% with a minimum rate of 5.00% and a maximum rate of 8.00%.

Since inception Class A shareholders have received a total of $26.84 per share and Preferred shareholders have received a total of $12.02 per share inclusive of this distribution, for a combined total of $38.87.

The Company invests primarily in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank. Shares held within the portfolio are expected to range between 5- 20% in weight but may vary at any time. To generate additional returns above the dividend income earned on the portfolio, The Company engages in a selective covered call writing program.

Distribution Details
Class A Share (BK)	$0.20063
Preferred Share (BK.PR.A)	$0.04958
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372
Local: 416-304-4443 
www.canadianbanc.com
info@quadravest.com

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Dividend Select 15 Corp. (The “Company”) declares its monthly distribution of $0.06667 per Equity share. The distribution is payable November 10, 2026 to shareholders on record as of October 30, 2026.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on October 30, 2026 will receive a dividend of $0.06667 per share based on the VWAP of $8.00 payable on November 10, 2026. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Since inception, Equity shareholders have received a total of $12.09 per share inclusive of this distribution.

The Company invests in a portfolio of 15 Canadian companies selected from the following company universe which are among the highest Canadian dividend yielding stocks.

Bank of Montreal BCE Inc. CIBC Cenovus Energy Inc. Enbridge Inc.	Great West Lifeco Inc. Loblaw Companies Limited National Bank of Canada Ovintiv Inc. Power Corporation of Canada Royal Bank of Canada Sun Life Financial Inc.	TELUS Corporation The Bank of Nova Scotia The Toronto-Dominion Bank Thomson Reuters Corporation TMX Group Inc. TransAlta Corporation TC Energy Corporation

Distribution Details
Equity Share (DS)	$0.06667
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372
Local: 416-304-4443
dividendselect15.com
info@quadravest.com

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Quadravest Capital Management Inc. (the “Manager”) is pleased to declare a monthly distribution for Quadravest Preferred Split Share ETF (“Preferred ETF”) as follows:

	Amount Per Unit: Record Date: Payment Date:	$0.05833 CAD October 30, 2026 November 10, 2026

The monthly distribution per unit represents a total of $0.70 annualized based on the initial issue price of $10.00.

The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.

Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF’s investment objectives.

Monthly distributions are targeted and will be set at the Manager’s sole discretion and may be changed or vary in subsequent periods, as announced by the Manager. If the total return on the portfolio of the Preferred ETF is less than the amount necessary to fund the monthly distributions and all expenses of the Preferred ETF, this will result in a portion of the distributions paid to unitholders being a return of the capital to unitholders and a decrease in NAV per unit.

The Manager has assigned Preferred ETF a risk rating of “low”.

For further details, please refer to Preferred ETF’s Facts document available on www.sedarplus.com or on Preferred ETF’s home page at www.quadravest.com.

Founded in 1997, the Manager has a successful track record of creating and managing investment products with over $5 billion in assets under management and proudly manages a portfolio of 13 publicly traded investment products including split share corporations and an investment trust.

Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the fund, to the future outlook of the fund and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.quadravest.com

info@quadravest.com

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — M Split Corp. (“M Split”) declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders and a monthly distribution of $0.03125 per share for Class II Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price. The Class II Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price when the NAV exceeds $10.00. Distributions are payable November 10, 2026 to shareholders on record as at October 30, 2026.

M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.

Distribution Details
Class I Preferred Share (YCM.PR.B)	$0.03125
Class II Preferred Share (XMF.PR.C)	$0.03125
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.m-split.com

info@quadravest.com

BROSSARD, Quebec, Oct. 20, 2026 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a company dedicated to the early detection of eye-related health using Artificial Intelligence (AI) techniques, is pleased to announce the successful initial deployment of its newly licensed CARA System software platform (CARA) across its Canadian network.

Following receipt of Health Canada medical device marketing authorization, DIAGNOS rapidly initiated installation of optometry clinics onto the CARA. The Corporation is pleased to report that the first phase of deployment has been successfully executed, validating its onboarding capacity and efficiency.

DIAGNOS has set up 28 stores in two weeks to support continued expansion across Canada, bringing to more than 60 optometrists now utilizing CARA.

Initial real-world operations have yielded excellent feedback from end-users. Optometrists highlight the system’s intuitive interface, the precision of its AI-assisted retinal image analysis as well as the processing speed of CARA. Furthermore, participating clinics have reported positive patient feedback, driven by the speed and efficiency of the AI-enhanced assessments.

“The feedback we are receiving from optometrists and clinic staff validates our core mission: delivering a technology that not only meets regulatory standards but supports clinicians in providing better, faster care. With these successful early deployments, we are now fully determined to pursue our rollout strategy to equip clinics across all Canadian provinces,” said André Larente, President and Chief Executive Officer of DIAGNOS

About DIAGNOS
DIAGNOS is a public Canadian corporation dedicated to the early detection of critical eye-related health problems. DIAGNOS manufactures CARA System, a software platform which assists health specialists in the detection of retinal eye pathologies. By developing innovative products based on AI technologies, DIAGNOS’ solutions provide healthcare clinicians with valuable information that refines diagnostic accuracy, streamlines workflows, and improves patient outcomes. CARA System is currently licensed for commercialization in Canada and Saudi Arabia.

Additional information is available at www.diagnos.com and www.sedarplus.com.

This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT: For further information, please contact:

Mr. André Larente, President
DIAGNOS Inc.
Tel: 450-678-8882 ext. 224
alarente@diagnos.ca

Geneva, Switzerland, Oct. 20, 2026 (GLOBE NEWSWIRE) —

Company to highlight investments in U.S. quantum innovation and collaborations with MIT Media Lab, Lattice Semiconductor and GlobalFoundries

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that its CEO, Carlos Moreira will present an update on its U.S. strategy at IQT Quantum + AI 2026, taking place October 25–27, 2026, in New York City. The update will cover investments in U.S. quantum companies, semiconductor collaborations and engagement with leading research institutions.

Mr. Moreira will deliver the Main Conference Keynote “Securing the Quantum AI Era: From Silicon to Space,” on October 27 at 9:10 am ET. He will also join the Senior Executive Panel at 3:15 pm ET on the same day. The keynote will focus on SEALSQ’s Root-to-Qubit-to-Space approach: post-quantum secure chips with a hardware Root of Trust, post-quantum PKI and provisioning services, SEALQuantum’s investments in quantum computing and quantum photonic interconnects, and the Quantum Spatial Orbital Cloud developed with its sister company WISeSat.Space.

Event information and registration: https://iqtevent.com/quantumai/register/.

SEALSQ’s U.S. strategy connects quantum computing investment with the development of secure semiconductor technologies, trusted hardware and post-quantum cryptography. Through its SEALQuantum initiative, the Company aims to help build the technology foundations needed to protect digital infrastructure as quantum computing and artificial intelligence advance.

The quantum threat to today’s cryptography and the rise of AI-driven attacks both make trust a hardware question. “Post-quantum algorithms alone are not enough,” said Mr. Moreira. “Connected devices can be attacked directly at the chip, and AI is becoming a force multiplier for attackers. Security features are not the same thing as certified security. The answer is a certified hardware foundation, whether it’s a single secure element or a certified security chiplet bound to the main processor. Combined with its PKI and digital identity services, SEALSQ then extends that trust from the chip to the cloud.”

Drawing on his recent visit to EeroQ’s facilities, Mr. Moreira will highlight SEALSQ’s investment in EeroQ, the Chicago-based quantum computing company developing an electron-on-helium architecture. He will discuss how the investment supports SEALSQ’s U.S. quantum innovation and connects emerging computing platforms with expertise in secure silicon.

SEALSQ will also provide updates on three complementary relationships supporting its technology roadmap:

• MIT Media Lab: interdisciplinary research and innovation. As a member of the MIT Media Lab’s global community of member organizations, SEALSQ engages with an interdisciplinary research environment exploring resilient technologies and the interaction between people and digital systems. This relationship supports the Company’s broader commitment to human-centered technological development.
• Lattice Semiconductor: integrating programmable logic with post-quantum hardware security. The collaboration combines Lattice’s FPGA technology with SEALSQ’s QS7001 and QVault TPM technologies. The approach brings programmable processing together with a hardware root of trust and post-quantum cryptography, targeting applications requiring secure identity, trusted operation and protected communications.
• GlobalFoundries: advancing secure silicon and quantum-enabling technologies. The strategic collaboration covers next-generation secure integrated circuits, post-quantum security intellectual property and chiplet hardware security modules, alongside the exploration of cryogenic CMOS technologies for quantum computing systems. These activities aim to connect SEALSQ’s security expertise with GlobalFoundries’ semiconductor manufacturing capabilities.

“Building a trusted quantum future requires investment across the entire technology chain, from emerging quantum architectures and research to secure chips and industrial manufacturing,” said Mr. Moreira. “Our investments in U.S. quantum innovation, together with our engagement with MIT Media Lab and our collaborations with Lattice Semiconductor and GlobalFoundries, bring complementary capabilities to this effort. At IQT Quantum + AI, we look forward to sharing our progress and our vision for embedding trust into the next generation of computing infrastructure.”

At IQT Quantum + AI, SEALSQ will also unveil its new brand identity. Building on the Company’s original identity, the new logo combines a secure chip, drawn in perspective, with the letter Q for quantum, and comes with the tagline “Quantum Security.” It reflects SEALSQ’s conviction that trust has to be issued in hardware, and its path from post-quantum security today to quantum computing tomorrow.

SEALSQ’s participation will also provide an opportunity to engage with researchers, technology companies and investors on the convergence of quantum computing, AI and cybersecurity, and on the practical steps required to transition toward quantum-resistant infrastructure.

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 Lena.cati@theequitygroup.com

CHICAGO, Oct. 20, 2026 (GLOBE NEWSWIRE) — XAI Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Fund”), announced today the preliminary results of its Tender Offer (the “Tender Offer”), which commenced September 18, 2026, and expired at 11:59 p.m., Eastern Time, on October 19, 2026. The Tender Offer was for up to 1,903,861 (approximately 12.5%) of the Fund’s outstanding common shares of beneficial interest, par value $0.01 per share (“Common Shares”).

Based on the preliminary results shown below, because the Tender Offer was oversubscribed, the number of Common Shares that will be purchased from each shareholder is expected to be prorated based on the number of Common Shares properly tendered. The purchase price of properly tendered and accepted Common Shares for the Fund will be 98% of the Fund’s net asset value (“NAV”) as of the close of regular trading on the New York Stock Exchange on October 20, 2026. The below-indicated results are based on preliminary information, are subject to adjustment and should not be regarded as final.

Based on the preliminary count by Computershare Trust Company, N.A. the depositary for the Tender Offer (the “Depositary”), a total of approximately 7,331,021 Common Shares were validly tendered and not withdrawn at the purchase price at the Fund’s next determined NAV, anticipated 5:00 p.m. Eastern Time on October 20, 2026. The Fund expects to announce the final results of its Tender Offer, including the pro-ration factor, if applicable, on or about October 21, 2026.

Questions regarding the Tender Offer may be directed to Okapi Partners LLC, the Information Agent for the Tender Offer, who can be reached at the toll-free number (877) 796-5274.

About XA Investments

XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds, an interval fund, and a tender offer fund. The listed closed-end funds, the XAI Floating Rate & Alternative Income Trust and XAI Madison Equity Premium Income Fund both trade on the New York Stock Exchange and the interval fund and tender offer fund, XAI CLO & Income Opportunities Fund and Evanston Multi-Alpha Fund are both available via direct subscription and through select broker/dealers and wealth management platforms.

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management.

XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About Rockford Tower Asset Management

Rockford Tower Asset Management, L.L.C. is a wholly owned subsidiary of King Street Capital Management, L.P. (“King Street”) and an affiliate of Rockford Tower Capital Management (“Rockford Tower”). Rockford Tower, King Street’s dedicated CLO, CBO and SMA platform, was formed in 2017. Rockford Tower has over $14.7 billion of assets under management as of September 30, 2026, across 19 U.S. CLOs and 10 European CLOs, one CBO transaction and one SMA. In addition, Rockford Tower has traded over $99 billion of loans as of December 31, 2025.

About King Street Capital Management

King Street is a global alternative investment firm founded in 1995 that manages $30.9 billion in assets across public and private markets. The firm marries rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify investment opportunities across asset classes, up and down the capital structure. For more information, please visit www.kingstreet.com.

XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

NOT FDIC INSURED		NO BANK GUARANTEE		MAY LOSE VALUE

Paralel Distributors, LLC – Distributor

Media Contact:

Kimberly Flynn, President
XA Investments LLC
Phone: 888-903-3358
Email: KFlynn@XAInvestments.com
www.xainvestments.com