Mr. Enzio Di Gennaro reports

RICHARDS PACKAGING INCOME FUND ANNOUNCES CHANGES TO EXECUTIVE OFFICE

David Prupas, Richards Packaging Income Fund's long-time president and chief operating officer, who has been a pillar of its subsidiary companies' leadership for the last 47 plus years, has retired. Over those years, Mr. Prupas has been instrumental in opening new offices, acquiring and integrating businesses, managing the company's sales force, and maintaining strong relationships with its supplier base. Mr. Prupas is retiring effective immediately to pursue more time with his family and all life has to offer outside the four walls of the fund's subsidiaries!

The company is pleased to announce that, effective immediately, John Glynn, president, Clarion Medical Technologies, will replace Mr. Prupas as president of the fund. Mr. Glynn was hired 15 months ago as vice-president of corporate development, bringing a breadth of knowledge acquired while consulting in his three years at McKinsey & Company as well as company industry experience as senior manager, commercial insights, at Canada Goose, and as director, omni-channel operations, at Aritzia. Mr. Glynn's passion for growing businesses and his analytical edge have been a huge asset for the organization. He will add the role of president at the fund to his current role at Clarion.

About Richards Packaging Income Fund

The fund owns Richards Packaging Inc., which, since 1912, has served a wide customer base throughout North America comprising approximately 17,000 regional food, beverage, cosmetics, health care and other enterprises.