RF Capital Receives Strong Proxy Advice for Shareholder Vote

RF Capital Receives Favorable Proxy Recommendations

RF Capital Group Inc. (TSX: RCG), a leading wealth management company, is actively encouraging its shareholders to support the proposed arrangement with iA Financial Corporation. The Board of Directors has unanimously expressed that both holders of Common Shares and Series B Preferred Shares should vote in favor of the Arrangement Resolution and the Series B Preferred Shareholders' Resolution.

Support from Independent Advisory Firms

Institutional Shareholder Services Inc. (ISS) and Glass Lewis, being two of the most recognized independent proxy advisory firms, have both recommended approval of the arrangement to their clients. Their recommendations came after detailed evaluations of the transaction, which indicates robust investor support for the upcoming vote.

The Importance of Voting

RF Capital emphasizes the significance of shareholder participation in the voting process. The advisory service Laurel Hill Advisory Group is available to assist shareholders with any voting-related inquiries or concerns. Shareholders can reach out to them via phone or email for guidance.

Arrangement Details and Benefits

If approved, iA Financial will acquire all outstanding Common Shares at $20.00 each in cash. This price represents a remarkable premium over previous trading levels. Series B Preferred Shares will also be acquired for $25.00 each, with additional compensation for incurred dividends.

Enhanced Shareholder Value

Don Wright, Chair of the Board of RF Capital, affirmed the positive endorsements from ISS and Glass Lewis, stating, "These recommendations validate our commitment to delivering exceptional value to our shareholders through this arrangement with iA. We urge all shareholders to vote in support, ensuring our transition leads to immediate value realization."

Voting Timeline and Meeting Details

The votes will take place at the Special Meeting of Shareholders, set for 10:00 a.m. on a specified date. This meeting will be accessible via both in-person and audio-only webcast, allowing for broader participation among shareholders.

Contact Information for Shareholders

Shareholders needing assistance can contact Laurel Hill Advisory Group for help with the voting process. Their representatives are readily available to address inquiries regarding the arrangement and its implications.

About RF Capital

RF Capital Group Inc. operates under the Richardson Wealth brand and is one of Canada’s largest independent wealth management firms. As of late, the company manages over $42 billion in assets and is dedicated to providing tailored wealth management solutions. The firm has consistently earned recognition for its exceptional workplace culture, showcasing its commitment to both clients and employees.

Frequently Asked Questions

What is the arrangement involving RF Capital?

The arrangement involves iA Financial acquiring RF Capital's outstanding shares for a cash price of $20.00 for Common Shares and $25.00 for Series B Preferred Shares.

Why should shareholders vote in favor?

The recommendations from ISS and Glass Lewis highlight the substantial value and security offered by the arrangement, making it a favorable decision for shareholders.

How can shareholders get assistance with voting?

Shareholders can reach out to Laurel Hill Advisory Group for support and to clarify any questions about the voting process.

When is the vote taking place?

The Special Meeting of Shareholders will occur at 10:00 a.m. on the scheduled date. Further details are provided by the company.

What makes RF Capital significant in its field?

RF Capital is recognized as one of Canada's leading independent wealth management firms, managing significant assets and offering tailored wealth management solutions with a strong employee culture.

About The Author

Even at just 28 years old, Lucas Young has made a name for himself as a writer and financial expert. Lucas is a gifted communicator of difficult financial ideas and has written a number of well-received books and articles that appeal to both new and experienced investors. The financial world has come to rely on his perceptive analysis and useful counsel. Many people have been enabled to make wise investment decisions by Lucas's commitment to financial literacy and his ability to demystify the complexities of the market. Lucas is still dedicated to advising and teaching people on their financial journeys as he shares his knowledge.

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