ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 18,800 Value ($000) $423 Avg Close $21.62 Range $20.12 - $23.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	18,800	$423	$21.62	$20.12 - $23.60