Shareholder information

RF Capital Group’s common and preferred shares are listed on the Toronto Stock Exchange.

RF Capital share information

SharesTickerCUSIP
Common SharesRCG74971G104
Cumulative 5-Year Rate Reset Preferred Shares,
Series B
RCG.PR.B74971G203
Dividend PolicyRF Capital Group’s philosophy has always been to return excess capital back to its shareholders. The Board of Directors reviews RF Capital’s dividend policy periodically in the context of the firm’s overall profitability, free cash flow, regulatory capital requirements and other business needs.
Eligible Dividend DesignationDividends declared on the common shares and the preferred shares are designated as “eligible dividends” for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation unless indicated otherwise.

Transfer agent and registrar

For information relating to shareholdings, dividends, lost certificates or to eliminate duplicate mailings of shareholder material, please contact:

TSX Trust Company
Toronto – Starting November 7, 2022
301 – 100 Adelaide St. West
Toronto, ON
M5H 4H1

Toll-free 1-800-387-0825 (toll free North America)
email: [email protected]
website: www.tsxtrust.com

Regulatory filings

View RF Capital Group Inc.’s Regulatory Filings on SEDAR.

Analyst coverage

AnalystFirm
Jim Byrne, CFA
Acumen Capital
Jeff Fenwick, MBA
Cormark Securities

Common shares 1

RF Capital Group common shares are listed on the Toronto Stock Exchange under ticker: “RCG”.  These shares were formerly GMP Capital Inc. (TSX: GMP).

YearRecord DatePay DateC$ Amount
2020Temporarily Suspended 2
March 16March 310.025 (quarterly cash dividend)
2019December 16December 310.275 (return of capital distribution)
December 16December 310.025 (quarterly cash dividend)
September 16October 10.025 (quarterly cash dividend)
June 14July 20.025 (quarterly cash dividend)
March 15April 10.025 (quarterly cash dividend)
2018November 19December 30.075 (special dividend)
November 19December 30.025 (reinstated quarterly cash dividend)
March 15April 20.10 (special dividend)
2017
2016
2015December 15December 310.05
September 15September 300.05
June 15June 300.05
March 16March 310.05
2014December 10December 310.05
September 10September 300.05
June 10June 300.05
March 14March 310.05
2013December 10December 310.05
September 10September 300.05
June 10June 300.05
March 15March 310.05
2012December 10December 310.05
September 10September 300.05
June 8June 300.05
March 22March 310.10
2011December 9December 310.10
September 9September 300.10
June 9June 300.10
March 10March 210.08
2010November 16November 250.06
August 16August 250.06
May 17May 260.05
March 10March 190.05
2009November 16November 250.05
June 30July 150.05

1On March 30, 2022, RF Capital 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 www.sedar.com. 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.

2On April 29, 2020, in response to the disruption caused by COVID-19, GMP’s board of directors decided to temporarily suspend the Company’s quarterly common share cash dividend. While the company has a strong capital position with net working capital of $126.1 million as at March 31, 2020, the decision was made out of an abundance of caution and conservative approach to capital and risk management.

Cumulative 5-Year Rate Reset

Preferred shares, Series B

RF Capital Group preferred shares are listed on the Toronto Stock Exchange under ticker “RCG.PR.B

On March 31, 2021, 1.0 million Series C preferred shares automatically converted into Series B shares as a result of preferred shareholder conversion rights. The results of that conversion were press released on March 18, 2021. The Series B preferred shares pay dividends at a fixed annual rate of 3.73%.

YearRecord DatePay DateC$ Amount
2022December 15January 3, 20230.233313
September 15September 300.233313
March 15March 310.233313
2021December 15December 310.233313
September 15September 300.233313
June 15June 300.233313
March 15March 310.2257
2020October 30November 160.2257
June 15June 300.2257
March 16March 310.2257
2019December 16December 310.2257
September 16October 10.2257
June 14July 20.2257
March 15April 10.2257
2018December 17December 310.2257
September 14October 10.2257
June 15July 30.2257
March 15April 20.2257
2017December 15January 2 (2018)0.2257
September 15October 20.2257
June 15June 300.2257
March 15March 310.2257
2016December 15January 3 (2017)0.2257
September 15September 300.2257
June 15June 300.2257
March 15March 310.3438
2015December 15December 310.3438
September 15September 300.3438
June 15June 300.3438
March 16March 310.3438
2014December 10December 310.3438
September 10September 300.3438
June 10June 300.3438
March 14March 310.3438
2013December 10December 310.3438
September 10September 300.3438
June 10June 300.3438
March 15March 310.3438
2012December 10December 310.3438
September 10September 300.3438
June 8June 300.3438
March 22March 310.3438
2011December 9December 310.3438
September 9September 300.3438
June 9June 300.3438
March 18March 310.1394

Effective October 20, 2020, following the completion of the RGMP Transaction, the Board approved the resumption of the Company’s quarterly dividend on its preferred shares commencing with the payment of accrued but unpaid dividends of $0.2257 per Cumulative 5-Year Rate Reset Preferred Share, Series B, and $0.193803 per Cumulative Floating Rate Preferred Shares, Series C, payable on November 16, 2020, to preferred shareholders of record on October 30, 2020.

On July 30, 2020, the Board of Directors approved to temporarily suspend quarterly cash dividends on all classes of its preferred shares. The Company’s net working capital as at June 30, 2020 was $122.8 million. While this level of liquidity is sufficient to pay dividends, under Section 38(3) of the Business Corporations Act (Ontario), the Company’s governing corporate statute, the Company cannot pay a dividend if there are reasonable grounds for believing that the net realizable value of the Company’s assets would be less than the aggregate of its liabilities and its legal stated capital of all classes of shares (common and preferred) as at September 30, 2020, the date on which its quarterly preferred share dividend would normally be paid.

Cumulative Floating Rate

Preferred shares, Series C (historical data)

On March 31, 2021, 1.0 million Series C preferred shares automatically converted into Series B shares as a result of preferred shareholder conversion rights. The results of that conversion were press released on March 18, 2021. The Series B preferred shares pay dividends at a fixed annual rate of 3.73%.

YearRecord DatePay DateC$ Amount
2021March 15March 310.181788
2020October 30November 160.193803
June 15June 300.272005
March 16March 310.282848
2019December 16December 310.285326
September 16October 10.288414
June 14July 20.2850
March 15April 10.2837
2018December 17December 310.2790
September 14October 10.2640
June 15July 30.2531
March 15April 20.2319
2017December 15January 2 (2018)0.2289
September 15October 20.2156
June 15June 300.2100
March 15March 310.2095
2016December 15January 3 (2017)0.2143
September 15September 300.2155
June 15June 300.2089

Effective October 20, 2020, following the completion of the RGMP Transaction, the Board approved the resumption of the Company’s quarterly dividend on its preferred shares commencing with the payment of accrued but unpaid dividends of $0.2257 per Cumulative 5-Year Rate Reset Preferred Share, Series B, and $0.193803 per Cumulative Floating Rate Preferred Shares, Series C, payable on November 16, 2020, to preferred shareholders of record on October 30, 2020.

Previously, on July 30, 2020, the Board of Directors approved to temporarily suspend quarterly cash dividends on all classes of its preferred shares. The Company’s net working capital as at June 30, 2020 was $122.8 million. While this level of liquidity is sufficient to pay dividends, under Section 38(3) of the Business Corporations Act (Ontario), the Company’s governing corporate statute, the Company cannot pay a dividend if there are reasonable grounds for believing that the net realizable value of the Company’s assets would be less than the aggregate of its liabilities and its legal stated capital of all classes of shares (common and preferred) as at September 30, 2020, the date on which its quarterly preferred share dividend would normally be paid.

In the event that the payment date is not a business day, such dividend shall be paid on the next succeeding day that is a business day.