Artis Real Estate Investment Trust and RFA Financial have announced the successful completion of their combination by way of a statutory plan of arrangement under the Business Corporations Act and The Trustee Act, pursuant to which RFA acquired all of the outstanding common units, Series E preferred units and Series I preferred units of Artis.
With the completion of the arrangement, RFA becomes a scaled, growth‑oriented Canadian financial services platform centered on a federally regulated Schedule I bank and a prime and alternative mortgage origination and servicing business, supported by a commercial real estate portfolio. The combined platform is expected to provide stable and growing earnings with a sustainable dividend profile and multiple avenues for value creation through disciplined capital rotation from real estate into higher‑returning financial services investments.
Pursuant to the arrangement, RFA Capital Holdings changed its name to RFA Financial and i
