RF Capital Completes Common Share Consolidation

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

Immediately prior to the combination, the Company had 158,714,254 common shares issued and outstanding. Following the combination, 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 stock are 74971G401 and CA74971G4016, respectively.

The transfer agent of the Company, 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 deliver to the Transfer Agent Common Share certificates representing Pre-Consolidation Common Shares. Shareholders may obtain a copy of the Letter of Transmittal under the Company’s SEDAR profile at www.sedar.com. The transfer agent will send 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 have any questions in this regard, they are encouraged to contact their Intermediaries.

On RF Capital Group Inc.

RF Capital Group Inc. (RF Capital) is a Toronto Stock Exchange (TSX: RCG) listed company focused on wealth management. Operating under the Richardson Wealth brand, the Company is one of from Canada largest independent wealth management companies with $36.6 billion of assets under administration (at February 28, 2022) and 20 offices across the country. The firm’s advisory teams focus exclusively on providing strategic wealth advice and innovative investment solutions tailored to high net worth or ultra-high net worth families and entrepreneurs. The Company is committed to maintaining exceptional fiduciary standards and has obtained certification – determined annually – from the Fiduciary Center of Excellence for its separately managed account and portfolio management platforms. Richardson Heritage has also been recognized as a Nice place to Work™ over the past three years, Best Workplace for Women, Best Workplace in Canada and Ontario, Best Workplaces for Mental Wellness, in Financial Services and Insurance, and for Hybrid Working. For more information, please visit our corporate website at www.rfcapgroup.com and www.RichardsonWealth.com.

Forward-looking statements

This press release contains forward-looking information as defined by applicable Canadian securities laws. Such information includes, but is not limited to, statements regarding objectives and strategies for achieving those objectives, as well as statements regarding management’s beliefs, plans, estimates, projections and intentions and similar statements. regarding future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking information can generally be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “should”, “expect”, “intend”, ” estimates”, “anticipates”, “believes”, “should”, “plans” or “continues”, or similar expressions suggesting future results or events. This forward-looking information reflects management’s current beliefs and is based on information currently available to management. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement.

The forward-looking statements included in this press release, including statements regarding the Consolidation, the nature of our growth strategy going forward and the execution of any of our potential plans, are not guarantees of future results. and involve numerous risks and uncertainties that could cause actual results to differ materially from the potential results discussed or anticipated in forward-looking statements, including those described in this press release, our 2021 Annual MD&A and our latest Annual Information Form. These risks and uncertainties include, but are not limited to, market, credit, liquidity, operational, legal and regulatory risks, as well as other risk factors, including but not limited to changes in the market value of securities, reliance on key personnel and sustainability of costs. In addition, other factors, such as general economic conditions, including interest rate and currency exchange rate fluctuations, and natural disasters, or other unforeseen events (including the novel coronavirus pandemic and its variants (COVID-19)) may also influence our results of operations. . For a description of additional risks that could cause actual results to differ materially from current expectations, see the “Risk Management” and “Risk Factors” sections of our 2021 Annual MD&A.

Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other risk factors not currently known to us or that we currently believe not significant and which could also cause actual results. or future events differ materially from those expressed in such forward-looking information.

THE SOURCE RF Capital Group Inc.

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