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ARTIS AND RFA CAPITAL PROVIDE UPDATE ON ANTICIPATED TIMING OF CLOSING OF ARRANGEMENT
ARTIS AND RFA CAPITAL PROVIDE UPDATE ON ANTICIPATED TIMING OF CLOSING OF ARRANGEMENT Cana...
About this update from Rfa Financial Inc.
[{"type":"text","content":"\n\n\nARTIS AND RFA CAPITAL PROVIDE UPDATE ON ANTICIPATED TIMING OF CLOSING OF ARRANGEMENT\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\nCanada NewsWire\n\n\nWINNIPEG, MB, Jan. 14, 2026 /CNW/ - Artis Real Estate Investment Trust (\"Artis\" or the \"REIT\") (TSX: AX.UN) and RFA Capital Holdings Inc. (\"RFA\") announced today that the closing of the previously-announced plan of arrangement (the \"Arrangement\"), pursuant to which RFA will acquire all of the outstanding common units, Series E preferred units and Series I preferred units (collectively, the \"Units\") of Artis (the \"Transaction\"), is anticipated to occur during the week of February 1, 2026, subject to the continued satisfaction of all closing conditions.  Following closing, Artis will become a wholly-owned subsidiary of RFA, and RFA will operate as \"RFA Financial\". RFA Financial's common shares, Series E preferred shares and Series I preferred shares have been conditionally approved to trade on the Toronto Stock Exchange (\"TSX\") under the ticker symbols \"RFA\", \"RFA.PR.E\" and \"RFA.PR.I\", respectively.\n\n\n\n\n\n\n\n\"We are pleased to announce that we are on track to close the transaction in the coming weeks,\" said Samir Manji, President and CEO of Artis. \"This transaction represents a compelling and strategic opportunity for our owners. By combining Artis's proven real estate portfolio with RFA's growing banking and mortgage platforms, we are creating a company with multiple avenues for growth, substantial access to capital, and potential for enhanced returns. This provides our unitholders with exposure to Canada's attractive financial services sector and presents a unique opportunity to participate in the expansion and scaling of a Schedule I bank in Canada. We believe this transaction will create value for our unitholders and appreciate their support as we embark on this exciting new chapter for both Artis and RFA.\"\n\"The closing of this transaction will mark a truly transformative milestone for both organizations,\" said Ben Rodney, Chair of Artis's Board of Trustees and Presiden...