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 energyAt press time, Board of Trustees meetings sources to fully offset the Funds fossil fuel investments by December 2027. As ofare being held online, due to the current September 2022, CTPF has identified approximately $350.4 million in coal, oil, andemergency order, but are expected to be gas-related publicly traded debt and equity investments about 3.3% of theheld in a hybrid mode after May 1, 2023. Visit ctpf.org to confirm meeting location total Fund. and login instructions. The action taken by our Trustees marks an important milestone in our Funds investment policy. Our Board of Trustees has long understood that responsible andMARCHsustainable investments must form the core of our investment strategy, and our16 Board of Trustees Meeting | 9:30 a.m. investment policy has included language consistent with the statute which requires17 Outside Health Insurance Rebate Webinarthe Fund to consider environmental, social, and governance principles when making1:30 p.m. investment decisions. This most recent step spells out a timeline for action that23 Outside Health Insurance Rebate Webinarrecognizes the urgent and accelerating global crisis that climate change represents,10:00 a.m. said Carlton W. Lenoir, Sr., CTPF Executive Director.These actions were taken with considerable research, thought, and care. APRILAs fiduciaries, our Trustees must invest consistent with our mission to protect and1 Nomination packets available for enhance the present and future economic well-being of members, pensioners, and CTPF Trustee Electionsbeneficiaries, and we are confident that this action fulfills that responsibility,20 Board of Trustees Meeting | 9:30 a.m. said Lenoir.MAY The decision to divest was the culmination of a yearlong study of the issue. At the18 Board of Trustees Meeting | 9:30 a.m. October 22, 2021, Board of Trustees meeting, the Board voted to formalize CTPFs23 Investment Committee Meeting | 9:30 a.m. commitment to study the divestiture of fossil fuels in a prudent manner with a Finance Committee Meeting |11:30 a.m.report to the Board as soon as practical. Under this direction, the Funds investment(timing approximate, follows IC meeting)consultant, Callan and Fund staff initiated the process. The Board of Trustees29 Memorial Day, Office Closedattended educational sessions on Environmental, Social, and Governance (ESG) strategies and implementation options in January and March 2022. Concurrently, JUNE a set of Investment Beliefs was drafted and finally approved at the April 20221 Town Hall Webinar | 4:00 p.m.Board meeting. These Investment Beliefs ensure CTPFs investment philosophy are15 Board of Trustees Meeting | 9:30 a.m. reflective of its views and culture. At the August 23, 2022, Investment Committee19 Juneteenth Observed, Office Closedmeeting, the committee voted to move forward with a divestment recommendation for the full board. JULYDuring the meeting, the Trustees also authorized the issuance of an Request for4 Independence Day, Office ClosedProposal 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, event registration, and confirm TAMMIE F. VINSON APPOINTED TOmeeting times and dates FILL TEACHER TRUSTEE VACANCY at ctpf.org/calendar.During their February 16, 2023, meeting, the CTPF Board of TrusteesOFFICE/MAILING ADDRESSvoted to appoint Tammie F. Vinson to fill the vacant Teacher Trustee position created by the December 31, 2023, retirement of TrusteeChicago Teachers Pension Fund Tina Padilla. Trustee Vinson will serve until the next election425 S. Financial Place | Suite 1400scheduled for November 2023. Tammie F. VinsonChicago, IL 60605-1000312.641.4464 | fax: 312.641.7185 Trustee Vinson has been a lifelong resident of the Westside of Chicago, and a CPSctpf.org | memberservices@ctpf.orgeducator for more than 20 years. She currently works as an Early Childhood specialHours: 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'