Middleby Board approves spin-off of Midera Food Processing; distribution ratio 1:1

MIDDLEBY Corp

Distribution of all Midera shares to Middleby holders at ratio of 1 Midera share for each MIDD share.
Record date is June 26, 2026; distribution effective July 6, 2026.
Midera expected to trade when-issued under MFPVV starting June 26, regular-way under MFP on July 7.
Spin-off expected to be tax-free for U.S. federal income tax purposes.
Middleby shares will trade ex-distribution under MIDDV from June 26 through distribution date.

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