Thomson Reuters Corporation (TSX/NASDAQ: TRI) shareholders approved a plan of arrangement to implement a return of capital and share consolidation at a special meeting held April 28, 2026, according to a company statement.

The approved plan consists of a special cash distribution totaling $605 million, or approximately $1.36 per common share, and a proportional consolidation of outstanding common shares. The distribution amount was estimated based on shares outstanding as of the record date, assuming no shareholders opt out of the return of capital.

The plan requires final approval from the Ontario Superior Court of Justice, Toronto Stock Exchange, and Nasdaq before implementation. A court hearing for final approval is scheduled for April 29, 2026.

If approvals are received, Thomson Reuters will determine the actual cash distribution per share and share consolidation ratio after 4:00 p.m. Toronto time on May 1, 2026. The plan would become effective at 3:01 a.m. Toronto time on May 4, 2026, with post-consolidation shares expected to begin trading under a new CUSIP when markets open that day.

Computershare Investor Services Inc. will serve as the depositary for the transactions, delivering cash distributions to registered participating shareholders after the transactions become effective. Shareholders who opted out of the return of capital will not receive the cash distribution but will participate in the share consolidation while maintaining their current number of shares.

The opt-out deadline for registered shareholders passed on April 27, 2026. Thomson Reuters will file a final report on voting results with Canadian securities regulatory authorities and furnish it to the U.S. Securities and Exchange Commission.