Guardian Capital Group Secures Court Approval for Acquisition Plan

Guardian Capital Group Limited has received final court approval for its acquisition plan, paving the way for a significant change in its ownership structure. On October 28, 2025, the Ontario Superior Court of Justice granted approval for the arrangement under the Business Corporations Act (Ontario). This plan involves Desjardins Global Asset Management Inc., an affiliate of Desjardins Group, acquiring all issued and outstanding common shares and Class A shares of Guardian for C$68.00 per share in cash.

The court’s decision comes after a special meeting of shareholders held on October 23, 2025, where an overwhelming majority endorsed the proposed arrangement. The approval is a crucial step toward finalizing the acquisition, which remains subject to specific closing conditions outlined in the arrangement agreement signed on August 28, 2025.

Next Steps in the Acquisition Process

Completion of the acquisition will depend on the satisfaction or waiver of several closing conditions, including obtaining necessary regulatory approvals under the Competition Act (Canada). Guardian anticipates that, provided these approvals are granted, the arrangement could close in the first half of 2026.

As of June 30, 2025, Guardian Capital Group managed C$164.1 billion in total client assets and had a proprietary investment portfolio valued at C$1.25 billion. Established in 1962, Guardian has built a reputation for steady growth and strong relationships, emphasizing values of authenticity, integrity, stability, and trustworthiness.

Implications for Shareholders and the Market

The decision to accept C$68.00 per share has significant implications for Guardian’s shareholders, particularly those who have entered into equity rollover agreements. The completion of this acquisition could reshape the landscape for Guardian, aligning it more closely with the strategic objectives of Desjardins Group.

The announcement includes forward-looking statements regarding the anticipated completion of the arrangement and expected regulatory approvals. Such statements reflect management’s estimates and expectations but should be approached with caution due to inherent risks and uncertainties associated with future developments.

Guardian Capital Group has advised shareholders to consider the potential impacts of these developments on their investments and to monitor the situation as it progresses. Further information regarding the arrangement and its implications is available through Guardian’s investor relations.

For further inquiries, investors and interested parties can contact Guardian Capital Investor Relations at [email protected] or through their toll-free line at 1-800-253-9181. Media inquiries can be directed to Mark Noble at [email protected].

This acquisition marks a pivotal moment for Guardian Capital Group, aligning it with a major player in the investment management sector and positioning it for future growth and expansion.