Cannae (CNNE) Proxy Filing summary

Executive summary

• Strategic plan execution focused on rebalancing away from public investments, opportunistic private investments, and capital returns to shareholders.

• Sale of Dun & Bradstreet (DNB) to generate $630 million in proceeds, with $500 million earmarked for shareholder benefit, including $300 million in share repurchases, $141 million in debt repayment, and $60 million for future dividends.

• Since February 2024, $1.1 billion in public portfolio stakes sold; public company shares reduced from 63% to 22% of assets post-DNB sale.

• $414 million returned to shareholders via buybacks and dividends since the strategic plan's announcement.

• Ongoing investments in attractive businesses, including increasing stake in JANA to 50% and continued focus on Black Knight Football (BKFC) and other portfolio companies.

Voting matters and shareholder proposals

• Proxy statement and WHITE proxy card to be filed for the 2025 annual meeting; shareholders encouraged to review all materials when available.

• Board and executive officers identified as participants in proxy solicitation; details on their holdings and interests available in prior SEC filings.

• Annual meeting date to be announced after DNB transaction closes, expected later in the fall.

Board of directors and corporate governance

• Board and management team remain focused on executing the strategic plan to increase shareholder value.

• Board increased quarterly dividend by 25% to $0.15 per share.

• Board and executive officers actively participate in capital allocation and strategic decisions.