RFA Financial Receives TSX Approval for Normal Course Issuer Bid

About this update from Rfa Financial Inc.

RFA Financial Receives TSX Approval for Normal Course Issuer Bid /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire TORONTO, March 31, 2026 /CNW/ - RFA Financial Inc. ("RFA" or the "Company") (TSX: RFA) announced that the Toronto Stock Exchange ("TSX") has approved its normal course issuer bid to purchase, for cancellation, up to: (i) 2,330,274 common shares, representing 5% of the issued and outstanding common shares as of March 25, 2026, (ii) 277,810 Series E preferred shares ("Series E Shares"), representing 10% of the public float of Series E Shares as of March 25, 2026, and (iii) 413,705 Series I preferred shares ("Series I Shares"), representing 10% of the public float of Series I Shares as of March 25, 2026. The normal course issuer bid will commence on April 6, 2026, and continue until April 5, 2027, or an earlier date, should RFA complete its purchases. All purchases under the normal course issuer bid will be made through the facilities of the TSX, and/or through alternative Canadian trading systems, in accordance with its rules and applicable Canadian securities laws. The price paid for any such repurchased common shares, Series E Shares and Series I Shares will be the prevailing market price at the time of acquisition.TSX approval permits RFA to purchase up to 28,212 common shares, 1,329 Series E Shares and 1,000 Series I Shares on any single trading day (excluding purchases made under the block purchase exemption). This represents 25% of the average daily trading volume from February 4, 2026, to March 25, 2026 or, in cases where 25% of the average daily trading volume for the period was less than 1,000, the daily purchase limit becomes 1,000.RFA is pursuing the normal course issuer bid because it believes that, from time to time, the market price of its common shares and preferred shares may not fully reflect the underlying value of its business and its future business prospects. RFA believes that, in such circumstances, the outstanding common shares and preferred shares represent an attractive investment and an efficient use of capital for the Company.In connection with the approval of the normal course is...

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