RE Royalties Announces Strategic Review to Evaluate Path for Long-Term Value Creation

Executive Summary

• The Board of Directors has launched a formal strategic review to evaluate alternatives such as a sale, partnerships, or capital‑structure changes.
• A Special Committee and PwC Corporate Finance have been appointed to lead and advise the process.
• No commitment to any transaction is made; updates will be provided only if deemed appropriate or required by law.

Key Details

• The strategic review aims to “maximize value for shareholders” as RE Royalties enters its 11th year of operations.
• Potential alternatives include:
• Sale of the Company
• Strategic or co‑investment partnerships
• Equity or debt financings to optimize capital structure
• Management has identified approximately CAD 20 million in letters of intent for near‑term solar, wind, energy storage, and distributed generation projects, with an additional CAD 200 million of potential investments under review.
• A Special Committee of the Board will oversee the review process to ensure long‑term value creation.
• PwC Corporate Finance Inc. has been engaged as financial advisor for the strategic review.
• The company emphasizes that the engagement of a financial advisor does not indicate any specific transaction is imminent, nor guarantee timing or terms of any outcome.
• RE Royalties will continue day‑to‑day operations and remain focused on its royalty financing model while the review proceeds.

Notable Quotes

“RE Royalties was founded on the principles of disciplined investment and active stewardship in renewable energy to drive long‑term value for our investors,” – Bernard Tan, Co‑Founder & CEO

“We currently have approximately $20 million in letters of intent across a portfolio of high‑quality, near‑term opportunities… with an additional $200 million in potential investments under review,” – Peter Leighton, Co‑Founder & COO