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RF Capital Announces Conversion Privilege of Preferred Shares

TORONTO, ON (February 25, 2021) – RF Capital Group Inc. (the Company) announced today that it does not intend to exercise its right to redeem all or any part of its currently outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series B (the Series B Shares) or Cumulative Floating Rate Preferred Shares, Series C (the Series C Shares) on March 31, 2021 (the Conversion Date). There are currently 3,565,253 Series B Shares and 1,034,747 Series C Shares outstanding.

As a result and subject to certain conditions set out in the short form prospectus dated February 14, 2011 relating to the issuance of the shares, the holders of the Series B Shares and Series C Shares have the right, at their option, to convert all or any of their Series B Shares or Series C Shares, on a one-for-one basis, into shares of the other series on the Conversion Date (the Conversion Privilege). A formal notice of the Conversion Privilege will be sent to the registered holder of the Series B Shares and Series C Shares.

Subject to the automatic conversion feature noted below, holders who do not exercise their right to convert their Series B Shares or Series C Shares will continue to hold their Series B Shares or Series C Shares, as applicable, and will have the opportunity to convert their shares again on March 31, 2026, and every five years thereafter as long as the shares remain outstanding. The foregoing Conversion Privilege is subject to the following conditions: (i) if the Company determines that there would remain outstanding on the Conversion Date less than 1,000,000 Series C Shares, after taking into account all Series B Shares tendered for conversion into Series C Shares and all Series C Shares tendered for conversion into Series B Shares, then the holders of the Series B Shares will not be entitled to convert their shares into Series C Shares and all of the remaining outstanding Series C Shares will automatically be converted into Series B Shares on a one-for-one basis on the Conversion Date; and (ii) alternatively, if the Company determines that there would remain outstanding on the Conversion Date less than 1,000,000 Series B Shares, after taking into account all Series B Shares tendered for conversion into Series C Shares and all Series C Shares tendered for conversion into Series B Shares, then the holders of the Series C Shares will not be entitled to convert their shares into Series B Shares and all of the remaining outstanding Series B Shares will automatically be converted into Series C Shares on a one-for-one basis on the Conversion Date. In either case, if applicable, the Company will give written notice to that effect to the registered holder affected by the preceding conditions no later than March 24, 2021.

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RF Capital Announces Andrew Marsh to Step Down as CEO of Richardson Wealth

Toronto, February 16, 2021 – RF Capital Group Inc. (“RF Capital” or the “Company”) (TSX: RCG) today announced that Andrew Marsh has decided to step down effective March 31, 2021 as President and Chief Executive Officer of Richardson Wealth Limited (“Richardson Wealth”), a wholly-owned subsidiary of RF Capital.

“I have truly enjoyed the rare opportunity to build the leading entrepreneurial, independent competitor in Canada’s wealth management industry,” said Mr. Marsh. “As Richardson Wealth embarks on the next chapter, the best thing for me and the firm is to pass the baton to the very capable leadership team currently being assembled by Kish Kapoor. My ongoing role will be as a significant and supportive shareholder, and as an ambassador for Richardson Wealth. I believe the firm we have built together has a very exciting and prosperous future thanks to the spirit and talent of our team, and I will be cheering them on.”

During Mr. Marsh’s 17 years of leadership at the firm, including 11 as CEO, Richardson Wealth grew to more than $30 billion of assets under management, with a national platform and 19 offices across Canada. Mr. Marsh oversaw the merger of GMP Private Client with Richardson Partners Financial, the acquisition of Macquarie Private Wealth Inc. and the addition of many talented advisors to the firm.

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RF Capital to Announce Fourth Quarter and Fiscal 2020 Results

TORONTO, ON. (February 12, 2021) – RF Capital Group Inc. (RF Capital) (TSX:RCG) will release its fourth quarter and fiscal 2020 financial results and host an earnings conference call on Friday, March 5, 2021.  Financial results are expected to be released at approximately 7:00 a.m. (EST).

FOURTH QUARTER 2020 CONFERENCE CALL AND WEBCAST

A conference call and live audio webcast to discuss RF Capital’s fourth quarter and fiscal 2020 results will be held that morning at 10:00 a.m. (EST).  The call will be open to the public. Interested parties are invited to access the quarterly conference call on a listen-only basis by dialing 416-406-0743 or 1-800-898-3989 (toll free) and entering a participant passcode: 8641223#. The conference call will also be accessible as a live audio webcast through the Investor Relations section of our website at www.rfcapgroup.com/Investor-Relations/Quarterly-Information.

A recording of the conference call will be available until Sunday, April 4, 2021, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 3500355#. The webcast will be archived at www.rfcapgroup.com/Investor-Relations/Quarterly-Information.


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Richardson Wealth and Bloom Burton & Co. Announce Strategic Alliance to Expand Wealth Solutions in Healthcare

Toronto, February 9, 2021 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today announced that its wholly owned subsidiary Richardson Wealth Limited (“Richardson Wealth”) and Bloom Burton & Co. Inc. (“Bloom Burton”), two of Canada's premier independent financial services firms, have entered into a strategic alliance dedicated exclusively on the healthcare sector.

This strategic alliance helps unlock growth potential for both firms.  Richardson Wealth expands an already broad shelf of wealth solutions by providing advisors and their high net worth clients preferred access to Bloom Burton’s leading healthcare-specialized research, investment ideas, new issues, investment funds and investor events.  Meanwhile, Bloom Burton’s issuer clients and institutional investors will benefit from the investment capacity and expertise of Richardson Wealth’s established and growing network of professional, experienced, and knowledgeable investment advisors. The firms also contemplate extensive cross-referral opportunities to better serve their clients.

"Our talented investment advisors and their clients are front and center to everything we do.  Our top priority is to continue supporting them by providing access to a broad and growing suite of innovative wealth management solutions to deliver a differentiated client experience.  This powerful alliance with Bloom Burton, and its leadership and expertise in the essential and growing healthcare sector, perfectly complements that commitment to advisors.  Bloom Burton covers dozens of healthcare companies in the biotechnology, pharmaceutical, medical technology and healthcare services sectors, and they are at the top of every Canadian healthcare league table for financings and corporate advisory”, said Kish Kapoor, President and CEO of RF Capital Group Inc. 

Brian Bloom, Chairman and CEO of Bloom Burton commented, "With over 19 Canadian locations, high calibre investment advisory teams, 32,000 clients and over $30 billion in client assets, Richardson Wealth is the ideal partner for Bloom Burton as we support the Canadian healthcare sector together. We look forward to having greater access to capital and networks, as we partner with one of Canada’s leading independent investment firms.”

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RF Capital Reports Assets Under Administration for January 2021

Toronto, February 2, 2021 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today reported assets under administration (“AUA”) at Richardson Wealth Limited (Richardson Wealth) of $30.6 billion as at January 31, 2021. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and RF Capital shareholders to assess Richardson Wealth’s operating performance.


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