The Toronto Stock Exchange reports that Richards Packaging Income Fund has completed a reorganization, by way of a plan of arrangement, from an open-ended, limited-purpose trust into a public corporation named Richards Group Inc., which will continue to control the business of the fund. According to the TSX, the arrangement closed on Dec. 19, 2025. The common shares of Richards Group will be listed and posted for trading at the open on Dec. 23, 2025, under the symbol RIC and with Cusip No. 762913 10 1, in substitution for the units of the fund, which will be delisted at that time.

Pursuant to the arrangement, holders of units will receive one common share in exchange for each unit held. Registered unitholders are required to return the letter of transmittal and certificates representing their units to TSX Trust Company at its offices in Toronto in order to receive a DRS advice statement for the common shares to which they are entitled. No fractional common shares and no DRS advice statement representing fractional common shares will be issued pursuant to the arrangement.

For more information, see the fund's management information circular dated Oct. 27, 2025, available on SEDAR+.