Transcon's Marcoux Sells 30 Percent of Shares

The number of shares subject to monetization are four million Transcontinental shares from Marcoux's holding companies' total of 13,209,840 Class B shares. Prior to the monetization, Transcontinental and Marcoux's holding companies completed a series of transactions involving an exchange of shares to crystallize the safe income attributable to the block of Transcontinental shares that were monetized. The exchange has no negative impact on the corporation or its shareholders, nor does it give rise to any change to Class A subordinate voting shares and Class B shares. Marcoux's holding companies assumed the costs related to these transactions.