Thomson Reuters (TSX/NASDAQ: TRI) announced it will distribute $1.435518 per common share to participating shareholders as part of its return of capital and share consolidation transactions, totaling $605 million in aggregate.

The transactions will become effective at 3:01 a.m. Toronto time on May 4, 2026. Thomson Reuters shares will begin trading on a post-consolidated basis on both the Toronto Stock Exchange and Nasdaq when markets open that day, retaining the "TRI" symbol on both exchanges.

The company will implement a share consolidation at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares. The consolidation ratio was calculated based on the volume weighted average trading price of shares on Nasdaq for the five trading days ending May 1, 2026.

Shareholders who exercised their right to opt 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. These shareholders will see their equity and voting interests increase proportionately due to the consolidation of participating shares.

Computershare Investor Services Inc., serving as the company's depositary, will deliver cash distributions to registered participating shareholders after the transactions become effective. Beneficial shareholders will receive distributions through their intermediaries.

The company will not issue fractional shares as part of the transactions. Shareholders will receive cash for any fractional share value, subject to exceptions outlined in the management proxy circular dated March 13, 2026.

The new CUSIP number for post-consolidated shares is 884903881 and the new ISIN number is CA8849038812.