RICHARDS PACKAGING INCOME FUND ANNOUNCES RECIEPT OF FINAL COURT ORDER REGARDING UNITHOLDER CONVERSION TO A CORPORATION

Executive Summary

• Richards Packaging Income Fund received the final Ontario Superior Court order approving its conversion from an unincorporated trust to a corporation (Richards Group Inc.).
• The arrangement will become effective around December 19, 2025, after which each unit holder will receive one common share of RGI.
• Upon effectiveness, RGI’s common shares are expected to begin trading on the Toronto Stock Exchange under the ticker “RIC,” subject to customary TSX listing conditions.

Key Details

• Court Order: Final order of the Ontario Superior Court of Justice approving the statutory plan of arrangement between the Fund and Richards Group Inc. (RGI).
• Effective Date: Anticipated on or about December 19, 2025, pending fulfillment of conditions and required filings.
• Conversion Mechanics: Each trust unit held in the Fund will be exchanged for one common share of RGI; no cash component is mentioned.
• Listing: Post‑conversion, RGI’s shares are expected to list on the TSX under symbol “RIC,” contingent upon satisfaction of standard TSX listing requirements.
• Documentation: Full terms are set out in the Fund’s Management Information Circular dated October 27, 2025; available electronically via the Fund’s website and SEDAR+.
• Management Contacts: John Glynn – CEO ([email protected]); Enzio Di Gennaro – CFO ([email protected]).

Notable Quotes

(No direct quotes were provided in the release.)