MasterBrand spin-off from Fortune Brands finalized; information statement mailed

MasterBrand, Inc.

Fortune Brands to distribute all outstanding MasterBrand shares pro rata; MasterBrand becomes independent publicly traded company.
Final information statement dated December 1, 2022, attached as Exhibit 99.1, provides details on spin-off and MasterBrand's business.
Notice of Internet Availability of information statement mailed to Fortune Brands stockholders on or around December 1, 2022.
MasterBrand common stock (MBC) listed on NYSE.

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