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RICHARDS PACKAGING INCOME FUND AND RICHARDS GROUP INC. ANNOUNCE THE COMPLETION OF THE CONVERSION OF RICHARDS PACKAGING INCOME FUND TO A CORPORATION
RICHARDS PACKAGING INCOME FUND AND RICHARDS GROUP INC. ANNOUNCE THE COMPLETION OF THE CONVERSION ...
About this update from Richards Group Inc.
[{"type":"text","content":"\n\n\nRICHARDS PACKAGING INCOME FUND AND RICHARDS GROUP INC. ANNOUNCE THE COMPLETION OF THE CONVERSION OF RICHARDS PACKAGING INCOME FUND TO A CORPORATION\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\nTORONTO, Dec. 19, 2025 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the \"Fund\") and Richards Group Inc. (the \"Corporation\") announced today the completion of the conversion of the Fund from an unincorporated, open-ended, limited purpose trust to a corporation, pursuant to a statutory plan of arrangement involving the Fund and the Corporation under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) (the \"Arrangement\").\nAs a result of the Arrangement: (i) each holder of trust units of the Fund (\"Units\") received one common share in the capital of the Corporation (\"Common Shares\") for each Unit held; and (ii) the Corporation now directly or indirectly owns the Fund and all of the Fund's subsidiaries. The Corporation now has 11,418,014 Common Shares issued and outstanding.\nThe Units are expected to be delisted from and the Common Shares are expected to commence trading on the Toronto Stock Exchange (\"TSX\") under the symbol \"RIC\" on or around December 23, 2025, subject to the approval of the TSX. The Fund is expected to be wound up and cease to be a reporting issuer on or before December 31, 2025.\nThe officers and trustees of the Fund are the officers and directors of the Corporation.\nEarly Warning Reporting\nFurther to the requirements of National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, the Corporation and Janet Glynn will each file an early warning report in accordance with applicable securities laws in connection with: (i) the Corporation acquiring Units; and (ii) Janet Glynn acquiring Common Shares, each pursuant to the Arrangement. A copy of each early warning report will be made available on SEDAR+ at www.sedarplus.ca. Further information and a copy of each early warning rep...