Mr. Ben Rodney reports

RFA FINANCIAL ADVANCES DISPOSITION STRATEGY WITH OVER $340 MILLION IN ASSET SALE PIPELINE

RFA Financial Inc. has made significant progress on its asset disposition strategy, highlighted by the completion of $60.4-million in property sales, $86.8-million of unconditional sale agreements, approximately $196.6-million of conditional sale agreements, and the initiation of a disposition marketing process for a further 1.3 million square feet of real estate.

• Completed the sale of a parcel of development land and two retail properties for $60.4-million;
• Entered into unconditional contracts for the sale of one office, one parkade and one industrial property totalling $86.8-million, subject to certain closing conditions;
• Entered into conditional contracts for the sale of 1.0 million square feet of assets totalling approximately $196.6-million;
• Initiated a marketing process led by BMO Capital Markets for the sale of an additional 1.3 million square feet of real estate.

"Our focus on unlocking value within our real estate portfolio and recycling capital into higher-return financial services investments is a key component of our strategy," said Ben Rodney, president and chief executive officer of RFA. "We are pleased with the significant progress achieved in a short period as we continue to demonstrate for our shareholders that our disciplined execution is translating into tangible outcomes that reaffirm the strength and resilience of our long-term strategy."

The completed transactions include the sale of RFA's 90-per-cent interest in Corridor Park, a parcel of development land in Texas, U.S., for $15.4-million, along with the sale of Canarama Mall and Circle West, two retail properties in Saskatchewan, Canada, for an aggregate price of $45.0-million. The transactions closed on Feb. 3, 2026, and March 13, 2026, respectively. The company also has $86.8-million in unconditional sale contracts in place, including a Canadian office property and parkade, and a United States industrial asset. Subject to certain closing conditions, these transactions are expected to close in 2026.

In aggregate, the sale price for the closed and unconditional transactions represents a 4.1-per-cent increase over the properties' most recent international financial reporting standards (IFRS) values at Dec. 31, 2025. Further, the sale price represents a 6.7-per-cent increase when compared with the IFRS values disclosed at June 30, 2025 (the quarter immediately preceding the announcement of the transaction between RFA Capital Holdings Inc. and Artis Real Estate Investment Trust on Sept. 15, 2025).

In addition, RFA has 1.0 million square feet of office and industrial assets under contract for a total of approximately $196.6-million and has commenced a formal marketing process led by BMO Capital Markets for an additional 1.3 million square feet of industrial assets currently being offered for sale.

RFA's financial services platform is centred on a federally regulated Schedule I bank and a leading prime and alternative mortgage origination and servicing business, supported by a high-quality commercial real estate portfolio. This diversified platform is expected to provide stable and growing earnings with a sustainable dividend profile and multiple avenues for value creation through disciplined capital rotation from real estate into higher-returning financial services investments.

About RFA Financial Inc.

RFA is a Canadian financial services platform anchored by a Schedule I bank. RFA offers a diversified suite of financial services to support Canadians at every stage of their financial journey, combined with the stability of a proven real estate platform. RFA common shares trade on the Toronto Stock Exchange under the symbol RFA, while Series E and Series I preferred shares trade under the symbols RFA.PR.E and RFA.PR.I, respectively. The common shares also trade in the United States on the OTCQX Best Market under the symbol RFAFF.

We seek Safe Harbor.