ARTIS AND RFA CAPITAL ANNOUNCE SECURITYHOLDER APPROVALS OF THE ARRANGEMENT AND VOTING RESULTS FROM SPECIAL MEETINGS

Executive Summary

• Artis Real Estate Investment Trust and RFA Capital announced that unitholders and shareholders have approved the previously disclosed plan of arrangement, allowing RFA to acquire 100% of Artis’ outstanding units.
• The approvals exceeded required majorities: 98.77 % of common unitholder votes, 81.19 % of Series E preferred, 94.84 % of Series I preferred, and 100 % of RFA shareholder votes.
• Following the approval, RFA will rename itself RFA Financial Inc., and ten directors were elected to serve on the board of the resulting issuer.

Key Details

• Arrangement Overview: RFA Capital will acquire all outstanding units of Artis REIT; upon completion, RFA will change its name to RFA Financial Inc.
• Voting Results – Artis Meeting (Dec 11, 2025):
• Common unitholders: 98.77 % in favour (exceeds 66 % threshold).
• Series E preferred unitholders: 81.19 % in favour (exceeds 66 % threshold).
• Series I preferred unitholders: 94.84 % in favour (exceeds 66 % threshold).
• Voting Results – RFA Meeting (Dec 11, 2025):
• All shareholder votes: 100 % in favour (exceeds both two‑thirds and simple majority thresholds).
• Director Elections: Ben Rodney, Samir Manji, Lis Wigmore, Steven Joyce, Jeffrey Royer, Mike Shaikh, Heather‑Anne Irwin, Jacqueline Moss, and Richard Bradlow were elected as directors of the resulting issuer, effective on the arrangement’s closing date.
• Equity Incentive Plan: Artis common unitholders also approved an equity incentive plan for the resulting issuer (94.92 % For, 5.08 % Against).
• Closing Conditions: Arrangement remains subject to final court approval and satisfaction/waiver of customary closing conditions as outlined in the Management Information Circular.

Notable Quotes

(No direct quotes were included in the release.)