RICHARDS PACKAGING INCOME FUND ANNOUNCES FILING OF MEETING MATERIALS AND RECEIPT OF INTERIM ORDER WITH RESPECT TO ITS CONVERSION TO A CORPORATION

Executive Summary

• Richards Packaging Income Fund filed its notice‑and‑access meeting materials for a special unitholder meeting to approve the conversion of the fund from an unincorporated trust to a corporation under a statutory plan of arrangement with Richards Group Inc.
• The meeting is scheduled for December 11, 2025, with the plan expected to become effective around December 19, 2025 pending court, unitholder, and TSX approvals.
• The conversion includes adoption of a security‑based compensation plan by Richards Group Inc., representing a significant structural change to the fund’s governance and capital structure.

Key Details

• Filed documents: notice of meeting, management information circular, proxy form, letter of transmittal, and notice‑and‑access statement (collectively “Meeting Materials”).
• Distribution method: electronic access via the Fund’s website and SEDAR+; paper copies available by request to TSX Trust Company (deadline Nov 25, 2025).
• Special meeting details: December 11, 2025 at 10:00 a.m. (Toronto time), located at 6155 Belgrave Rd., Unit 3, Mississauga, Ontario.
• Interim Order: Received from the Ontario Superior Court of Justice on October 23, 2025 authorizing the meeting.
• Plan components:
• Conversion of the Fund to a corporation under the Business Corporations Act (Ontario) and Trustee Act (Ontario).
• Adoption of a security‑based compensation plan by Richards Group Inc. (RGI).
• Expected approvals required for effectiveness: court order, unitholder vote, and Toronto Stock Exchange consent.
• Anticipated effective date of the conversion: on or around December 19, 2025, subject to receipt of all necessary approvals.

Notable Quotes

(No direct quotes were provided in the release.)