RF Capital Completes Common Share Consolidation

TORONTO, March 30, 2022 – RF Capital Group Inc. (Company) (TSX: RCG) today announced that it has completed the previously announced consolidation of its common shares (the Common Shares) on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the Consolidation).

Immediately prior to the Consolidation, the Company had 158,714,254 Common Shares issued and outstanding.  Following the Consolidation, the Company will have 15,871,426 Common Shares issued and outstanding. The Common Shares will continue to be listed on the Toronto Stock Exchange under the symbol “RCG” and are expected to begin trading on a post-Consolidation basis when the market opens on March 30, 2022. The new CUSIP and ISIN numbers for the Common Shares are 74971G401 and CA74971G4016, respectively. 

The Company’s transfer agent, TSX Trust Company, has sent a letter of transmittal to the registered holders of the Common Shares. The letter of transmittal contains instructions on how to surrender Common Share certificates representing pre-Consolidation Common Shares to the transfer agent. Shareholders can obtain a copy of the letter of transmittal under the Company’s SEDAR profile at The transfer agent will forward to each registered shareholder who has sent the required documents a new Common Share certificate representing the number of post-Consolidation Common Shares to which the registered shareholder is entitled. If shareholders hold their Common Shares through an intermediary and they have questions in this regard, they are encouraged to contact their intermediaries.


RF Capital Ends Transformational Year with Record AUA, Revenue, and Adjusted

  • Building blocks to support accelerated long-term value creation in place

  • Growth momentum heading into 2022

  • Announced Normal Course Issuer Bid and Share Consolidation

Toronto, March 4, 2022 - RF Capital Group Inc. (RF Capital or the Company) (TSX: RCG) today reported record revenue and tight expense management, which fuelled full year 2021 consolidated Adjusted EBITDA5 of $50.8 million. Total revenue grew to $329 million, driven largely by record recurring fee revenue. Assets under administration (AUA) ended the year at an all-time high of $36.8 billion. Adjusted EBITDA5 in the Wealth Management segment was $59.2 million in 2021 (including $56.8 million at Richardson Wealth). The Company’s performance benefited from the fact that its Richardson Wealth subsidiary registered an operating expense ratio5,7 of 67.7%, a six percentage point improvement from 2020. The Company’s full year reported net loss was $20.2 million, which included $34.4 million of pre-tax transformation charges and other provisions ($27.5 million after-tax).

Fourth quarter revenue of $86.1 million was up 42% from Q4 last year and 8% from Q3 of 2021. Consolidated Adjusted EBITDA5 was $12.3 million and reported net loss was $2.4 million in Q4 2021. Adjusted EBITDA5 in our Wealth Management segment was $14.4 million this quarter (including $13.6 million at Richardson Wealth). Excluding expenses related to compensation program changes in our private client capital markets group, as discussed in the Q4 and 2021 Items of Note section in this press release, consolidated Adjusted EBITDA4 would have been $13.7 million in Q4 and Adjusted EBITDA4 at Richardson Wealth would have been $15.0 million.


RF Capital Reports AUA of $36.6 Billion for February 2022

Toronto, March 2, 2022 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $36.6 billion as of February 28, 2022. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company’s shareholders to assess operating performance.    



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