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RICHARDS PACKAGING INCOME FUND ANNOUNCES RECIEPT OF FINAL COURT ORDER REGARDING UNITHOLDER CONVERSION TO A CORPORATION
RICHARDS PACKAGING INCOME FUND ANNOUNCES RECIEPT OF FINAL COURT ORDER REGARDING UNITHOLDER CONVER...
About this update from Richards Group Inc.
[{"type":"text","content":"\n\n\nRICHARDS PACKAGING INCOME FUND ANNOUNCES RECIEPT OF FINAL COURT ORDER REGARDING UNITHOLDER CONVERSION 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. 15, 2025 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the \"Fund\" or \"Richards Packaging\") announced today receipt of the final order of the Ontario Superior Court of Justice with respect to the approval of the statutory plan of arrangement involving the Fund and Richards Group Inc. (\"RGI\") under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) (the \"Arrangement\"), pursuant to which the Fund will be converted from an unincorporated, open-ended, limited purpose trust to a corporation.\nSubject to certain conditions and the completion of certain filings, the Arrangement is to be effective on or about December 19, 2025 (the \"Effective Date\"). Pursuant to the Arrangement, each holder of trust units of the Fund will receive one common share in the capital of RGI for each trust unit held.\nShortly following the Effective Date, the common shares of RGI are expected to commence trading on the Toronto Stock Exchange (\"TSX\") under the symbol \"RIC\", subject to the satisfaction of certain customary conditions of the TSX.\nFull details of the Arrangement are provided in the Fund's management information circular dated October 27, 2025 (the \"Circular\"). Electronic copies of the Circular and other meeting materials may be accessed on the Fund's website at https://richardspackaging.com/pages/ir-special-meeting and on the Fund's SEDAR+ profile at www.sedarplus.ca.\nAbout Richards Packaging Income Fund\nThe Fund owns Richards Packaging Inc., which since 1912 has served a wide customer base of over 24,000 healthcare, cosmetic, food & beverage, and other enterprises. Richards has over a century of rich history as a packaging distributor, and over the last decade has evolved a medical device and supplies operation that now drives the majority of the business.\nCaution Concerning Forward-Looking Statements\nThis release contains certain ...