ARTIS AND RFA CAPITAL PROVIDE UPDATE ON ANTICIPATED TIMING OF CLOSING OF ARRANGEMENT

Executive Summary

• Artis Real Estate Investment Trust and RFA Capital announce that the closing of their previously‑announced plan of arrangement is expected during the week of February 1, 2026.
• Upon closing, Artis will become a wholly‑owned subsidiary of RFA, which will operate as “RFA Financial” and list its securities on the TSX under new ticker symbols.
• The transaction is presented as a strategic combination that will give unitholders exposure to Canada’s financial services sector and create growth and capital‑access opportunities.

Key Details

• Transaction Scope: RFA will acquire all outstanding common units, Series E preferred units and Series I preferred units of Artis.
• Anticipated Closing Window: Week of February 1, 2026, subject to satisfaction of all closing conditions.
• Post‑Closing Structure: Artis becomes a wholly‑owned subsidiary of RFA; the combined entity will be known as “RFA Financial.”
• TSX Listings (conditionally approved):
• Common shares – ticker RFA
• Series E preferred shares – ticker RFA.PR.E
• Series I preferred shares – ticker RFA.PR.I
• Strategic Rationale (CEO Samir Manji): Combines Artis’s real‑estate portfolio with RFA’s banking and mortgage platforms, providing multiple growth avenues, enhanced capital access, and potential for higher returns to unitholders.
• Board Perspective (Ben Rodney): Highlights scale, diversification, and synergies that will create a more resilient financial services platform positioned for long‑term value creation.
• Unitholder Assistance: Questions regarding unit submission can be directed to Odyssey Trust Company (tel 1‑587‑885‑0960; email [email protected]).
• Reference Materials: Prior releases dated September 15 2025, November 10 2025, December 11 2025, and December 18 2025, plus the Management Information Circular (Nov 10 2025), are available on SEDAR+ and Artis’s website.

Notable Quotes

• “We are pleased to announce that we are on track to close the transaction in the coming weeks,” – Samir Manji, President & CEO, Artis.
• “The closing of this transaction will mark a truly transformative milestone for both organizations,” – Ben Rodney, Chair of Artis’s Board of Trustees and President, CEO & Managing Partner, RFA.