Artis, RFA hope to close deal during week of Feb. 1

Executive Summary

• Artis Real Estate Investment Trust and RFA Capital Holdings Inc. have updated the anticipated closing date for their previously announced plan of arrangement, with closing now expected during the week of February 1, 2026.
• Upon closing, Artis will become a wholly owned subsidiary of RFA, which will operate under the name RFA Financial.
• RFA Financial's common shares and preferred shares have received conditional approval to trade on the Toronto Stock Exchange under the ticker symbols RFA, RFA.PR.E, and RFA.PR.I.

Key Details

• Transaction Structure: RFA Capital Holdings Inc. is acquiring all outstanding common units, Series E preferred units, and Series I preferred units of Artis Real Estate Investment Trust via a plan of arrangement.
• Closing Timeline: The transaction is anticipated to close during the week of February 1, 2026, subject to the continued satisfaction of all closing conditions.
• Post-Closing Structure: Artis will become a wholly owned subsidiary of RFA. The combined entity will operate as "RFA Financial."
• Stock Exchange Approval: Conditional approval has been granted for RFA Financial's securities to trade on the Toronto Stock Exchange:
  • Common Shares: Ticker "RFA"
  • Series E Preferred Shares: Ticker "RFA.PR.E"
  • Series I Preferred Shares: Ticker "RFA.PR.I"
• Depositary Information: Odyssey Trust Company is acting as the depositary for the transaction. Registered unitholders with questions regarding unit submission can contact Odyssey Trust Company at 1-587-885-0960 or [email protected].
• Related Filings: The release references previous news releases from Artis dated September 15, 2025, November 10, 2025, December 11, 2025, and December 18, 2025, as well as a management information circular dated November 10, 2025.

Notable Quotes

• Samir Manji, President and CEO of Artis: "We are pleased to announce that we are on track to close the transaction in the coming weeks... By combining Artis's proven real estate portfolio with RFA's growing banking and mortgage platforms, we are creating a company with multiple avenues for growth, substantial access to capital and potential for enhanced returns."
• Ben Rodney, Chair of Artis's Board of Trustees and CEO of RFA: "The closing of this transaction will mark a truly transformative milestone for both organizations... By coming together, we are building a more resilient financial services platform that is poised for growth."