ERES Provides Update on Previously Disclosed Strategic Dispositions, Declares Special Distribution and Cessation of Monthly Distribution - Seite 2

For Canadian income tax purposes, the Special Distribution will be partially comprised of a return of capital in the range of approximately 55-70%. The remainder of the Special Distribution is principally being made to distribute to Unitholders a portion of the net capital gains of ERES realized during the twelve-month period ending December 31, 2025, and will therefore be in the form of a capital gain in the range of approximately 30-40%, with the remainder comprising ordinary income in the range of approximately 0-5%. Taxable Canadian-resident Unitholders will generally be required to include their proportionate share of ERES’s net taxable gain and income, as allocated and designated by ERES, in computing their respective income for the tax year that includes the year end of ERES (i.e., December 31, 2025). Unitholders who are not resident in Canada for Canadian federal income tax purposes may be subject to applicable withholding taxes in connection with the payment of the Special Distribution. ERES cautions that the foregoing comments are not intended to be, and should not be construed as, legal or tax advice to any Unitholder. ERES recommends that Unitholders consult their own tax advisors regarding the income tax consequences to them of this anticipated Special Distribution.

Due Bills

The Toronto Stock Exchange (the “TSX”) has determined to implement its “due bill” trading procedures with respect to the Special Distribution. Due bills attach to the underlying listed securities between the Record Date and the Payment Date, allowing the underlying listed securities to carry the value of the Special Distribution until it is paid. When due bills are used, the ex-distribution date (the “Ex-Distribution Date”) is deferred to the first trading day after the Payment Date.

As stated above, the Record Date will be September 22, 2025, and the Payment Date will be September 25, 2025. The Ex-Distribution Date will be September 26, 2025.

Due bills will attach to the Units from the opening of business on the Record Date. This means that Unitholders will receive the Special Distribution payment, provided they hold the applicable Units at close of business on the Payment Date. The Units will commence trading on an ex-distribution basis from the open of business on the Ex-Distribution Date, as of which date purchasers of the Units will no longer have an attaching entitlement to payment of the Special Distribution. Unitholders entitled to be paid the Special Distribution owing on the due bills will receive that payment when the due bills are redeemed, which is expected to occur on, or in the days following, the Payment Date.