b'CTPF TAKES ACTION ON FOSSIL FUEL HOLDINGSCALENDARThe Chicago Teachers Pension Fund (CTPF) Board of Trustees voted to immediately commit to engage with fossil fuel companies to encourage them toward a path of clean renewable energy sources and to divest from fossil fuel holdings and/or to invest in viable clean energy sources toAt press time, Board of Trustees meetings fully offset the Funds fossil fuel investments by December 2027. As of Septemberare being held online, due to the current 2022, CTPF has identified approximately $350.4 million in coal, oil, and gas-relatedemergency order, but are expected to be publicly traded debt and equity investments about 3.3% of theheld in a hybrid mode after May 1, 2023. total Fund. Visit ctpf.org to confirm meeting location The action taken by our Trustees marks an important milestone in our Fundsand login instructions. investment policy. Our Board of Trustees has long understood that responsible and sustainable investments must form the core of our investment strategy, and ourMARCHinvestment policy has included language consistent with the statute which requires16 Board of Trustees Meeting | 9:30 a.m. the Fund to consider environmental, social, and governance principles when making investment decisions. This most recent step spells out a timeline for action thatAPRILrecognizes the urgent and accelerating global crisis that climate change represents,1 Nomination packets available for said Carlton W. Lenoir, Sr., CTPF Executive Director.CTPF Trustee ElectionsThese actions were taken with considerable research, thought, and care.4 2023 Retirement Webinar | 9 a.m. & 1 p.m.As fiduciaries, our Trustees must invest consistent with our mission to protect and20 Board of Trustees Meeting | 9:30 a.m. enhance the present and future economic well-being of members, pensioners, and beneficiaries, and we are confident that this action fulfills that responsibility, MAY said Lenoir. 18 Board of Trustees Meeting | 9:30 a.m. The decision to divest was the culmination of a yearlong study of the issue. At the23 Investment Committee Meeting | 9:30 a.m. October 22, 2021, Board of Trustees meeting, the Board voted to formalize CTPFs Finance Committee Meeting |11:30 a.m.commitment to study the divestiture of fossil fuels in a prudent manner with a(timing approximate, follows IC meeting)report to the Board as soon as practical. Under this direction, the Funds investment29 Memorial Day, Office Closedconsultant, Callan and Fund staff initiated the process. The Board of TrusteesJUNE attended educational sessions on Environmental, Social, and Governance (ESG)1 Town Hall Webinar | 4 p.m.strategies and implementation options in January and March 2022. Concurrently,15 Board of Trustees Meeting | 9:30 a.m. a set of Investment Beliefs was drafted and finally approved at the April 202219 Juneteenth Observed, Office ClosedBoard meeting. These Investment Beliefs ensure CTPFs investment philosophy are reflective of its views and culture. At the August 23, 2022, Investment Committee JULYmeeting, the committee voted to move forward with a divestment recommendation4 Independence Day, Office Closedfor the full board. During the meeting, the Trustees also authorized the issuance of an Request for Proposal for a proxy voting firm which is expected to play a significant role in the engagement and stewardship of the Funds public equity investments. Find a complete list of meetings, TAMMIE F. VINSON APPOINTED TOevent registration, and confirm FILL TEACHER TRUSTEE VACANCY meeting times and dates at ctpf.org/calendar.During their February 16, 2023, meeting, the CTPF Board of Trustees voted to appoint Tammie F. Vinson to fill the vacant Teacher TrusteeOFFICE/MAILING ADDRESSposition created by the December 31, 2023, retirement of TrusteeChicago Teachers Pension Fund Tina Padilla. Trustee Vinson will serve until the next electionTammie F. Vinson425 S. Financial Place | Suite 1400scheduled for November 2023. Chicago, IL 60605-1000Trustee Vinson has been a lifelong resident of the Westside of Chicago, and a CPS312.641.4464 | fax: 312.641.7185 educator for more than 20 years. She currently works as an Early Childhood specialctpf.org | memberservices@ctpf.orgHours: 8:00 a.m.5:00 p.m. | M-Feducation teacher at Oscar Depriest in the Austin Community. Find more information at ctpf.org/newsfeed. 3'