RF Capital announces conversion privilege for series B, series C preferreds

Chicago, Feb. 25 – RF Capital Group Inc., formerly named GMP Capital Inc., announced that it will exercise its redemption right for any part of its currently outstanding cumulative five-year rate reset preferred shares, series B or the cumulative floating-rate preferred shares, series C on March 31, according to a press release.

However, shareholders have the right to convert all or any of their series B shares or series C shares on a one-to-one basis into shares of the other series on the conversion date.

There are currently 3,565,253 series B shares outstanding and 1,034,747 series C shares outstanding.

Shareholders will again be able to convert their shares on March 31, 2026 and every five years thereafter.

The conversion privilege will not be exercisable if it results in one of the series ending up with fewer than 1 million shares.

Owners of shares who wish to convert them should give notice between March 1 and 5 p.m. ET on March 16.

Toronto-based RF Capital is an independent Canadian investment dealer.

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