#Canada #Vancouver #TELUS Corporation #share issuance #Dividend Reinvestment Program

TELUS Corporation Amends Dividend Reinvestment Program

TELUS Corporation, a leading communications technology organization, revealed significant modifications to its Dividend Reinvestment and Share Purchase Plan (DRISP) today. Effective April 1, 2026, the company will implement a reduced discount of 1.75% for shares acquired through the reinvestment of dividends.

Key Details of the Amendment

This adjustment means that shareholders opting for the reinvestment of their dividends will receive shares issued at a lower discount than previously available. The new terms state that shares purchased through optional cash payments will be sold from the treasury at 100% of the average market price, ensuring a transparent and fair pricing mechanism for all those partaking in the program.

The dividend payable on April 1, 2026, will be applicable to shareholders whose names appear on the corporate records by March 11, 2026. This initiative is aimed at encouraging greater shareholder participation while still delivering value in a competitive market.

Eligibility and Enrollment Process

The DRISP is designed to cater to shareholders residing in Canada and the U.S., allowing them to reinvest their dividends into additional shares of TELUS. Investors from other regions may also take part, provided they meet specific compliance requirements per their local laws.

Those already engaged in the DRISP will see the updated discount applied automatically during the upcoming April dividend payment period. New participants can enroll by filling out an online form available on Computershare's shareholder services website. It is crucial that registrations from registered shareholders reach Computershare before the cut-off date to ensure participation in time for the dividend payout.

Given the varying needs of stockholders, non-registered beneficial holders—those who maintain their shares via financial institutions or brokers—are advised to liaise with their intermediaries to explore unique procedures for joining the reinvestment program.

Regulatory Overview

Importantly, this announcement does not equate to an offer to buy or sell securities within the United States. TELUS maintains a relationship with the U.S. Securities and Exchange Commission and has made necessary filings to ensure compliance and share clarity regarding this change. Interested parties can find more information about these filings on the SEC’s official website.

About TELUS Corporation

As a communications technology leader, TELUS Corporation operates across 45 countries, generating revenues exceeding $20 billion annually. With over 21 million connections, TELUS is committed to using technology to deliver exceptional human outcomes. The company’s ethos embodies prioritizing customer needs and social responsibility, exemplified through initiatives like TELUS Health—enhancing lives worldwide through innovative health solutions. Furthermore, TELUS Agriculture and Consumer Goods utilize digital insights to facilitate better connectivity within various markets. Their corporate philosophy, 'give where we live,' underscores TELUS’s dedication to community well-being, implementing programs like the TELUS Student Bursary to support young Canadians.

In summary, TELUS's modifications to its share purchase plan come at an exciting time for investors looking to engage in this dynamic environment. The company's commitment to transparency and shareholder value remains clear, bolstering confidence as they move forward.

For more information on these changes, shareholders and interested stakeholders are directed to visit the company’s official site or reach out through their investor relations channels.