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RF CAPITAL PROVIDES UPDATE ON APPROVALS FOR SALE TO IA FINANCIAL CORPORATION INC.
RF CAPITAL PROVIDES UPDATE ON APPROVALS FOR SALE TO IA FINANCIAL CORPORATION INC. Canad...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"\n\n\n\n RF CAPITAL PROVIDES UPDATE ON APPROVALS FOR SALE TO IA FINANCIAL CORPORATION INC.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 26, 2025\n \n\n /CNW/ - RF Capital Group Inc. (TSX: RCG)  (\"\n \n RF Capita\n \n l\" or the \"\n \n Company\n \n \") today announced that it has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement pursuant to which iA Financial Corporation Inc. (TSX: IAG) (the \"\n \n Purchaser\n \n \") will acquire, directly or indirectly, (i) all of the issued and outstanding common shares of the Company (\"\n \n Common Shares\n \n \") for cash consideration of  C$20.00 per Common Share; and (ii) all of the issued and outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series B  of the Company (\"\n \n Series B Preferred Shares\n \n \") for cash consideration of\n \n C$25.00\n \n per Series B Preferred Share (in addition to (a) a cash amount per Series B Preferred Share equal to all accrued and unpaid dividends as of the effective date of the Arrangement (the \"\n \n Effective Date\n \n \") and, (b) to the extent that the Effective Date occurs prior to\n \n March 31, 2026\n \n , a cash amount per Series B Preferred Share equal to the dividends that would have been payable in respect of a Series B Preferred Share from (and including) the Effective Date to (and excluding)\n \n March 31, 2026\n \n , as if the Series B Preferred Shares had remained outstanding during this period) (the \"\n \n Arrangement\n \n \"), as more fully described in the Company's management information circular dated\n \n August 21, 2025\n \n (the \"\n \n Circular\n \n \"). As previously announced, the Company's holders of Common Shares and Series B Preferred Shares voted in favour of the Arrangement.\n \n\n The Company has also received clearance from the Competition Bureau, in the form of a No-Action Letter, with respect to the Arrangement. The Company expects the Arrangement to be completed during th...