Announcing Point Distribution Increase on Preferred Units

The Lynx Equity Income Trust is pleased to announce a 10-basis point annual distribution increase on its 2016 through 2020 preferred units starting with its distribution for the quarter ending June 30, 2022.

Combined with previous years’ increases:

• 2016 units will now receive a yield of 9.62%,

• 2017 units will now receive a 9.47% yield on units purchased at $10.00 units and a 9.19% yield on units purchased at $10.30,

• 2018 units will now receive an 8.71% yield, and

• 2019 and 2020 units will now receive an 8.35% yield.

 Units issued in 2021 and 2022 will continue to yield 8.25%, paid quarterly.

 These distribution increases are the result of the continued strong performance of the Trust’s investment in Lynx Equity Limited’s U.S. operations. In the fiscal year ended July 31, 2021, “Lynx’s U.S. operations saw revenue growth of 6.4% driven by new acquisitions,” commented Michael Denny, Trustee of the Lynx Equity Income Trust. “The continued strong performance of Lynx’s U.S. operations – even in the middle of COVID-19 – shows the continued strength of Lynx’s business model and our ability to execute it”.