Q: Hello 5i Team
Artis REIT (AX.UN) announced on September 15, plans to merge with RFA Capital to form RFA Financial.
Other than the initial press release and investor presentation, no additional information has been posted on SEDAR+.
The units have dropped from ~ $7.40 to ~ $6.80.
Closing date for the merger was stated as Q1 2026
Questions
1 - When would Artis post the "Arrangement Agreement" on SEDAR+ outlining the full details of the merger?
2 - What are your current thoughts on the merger?
3 - In these types of transactions is it better to sell now, if you don't like the transaction or wait until further details are known.
Thank you for all the services 5i provides.
Artis REIT (AX.UN) announced on September 15, plans to merge with RFA Capital to form RFA Financial.
Other than the initial press release and investor presentation, no additional information has been posted on SEDAR+.
The units have dropped from ~ $7.40 to ~ $6.80.
Closing date for the merger was stated as Q1 2026
Questions
1 - When would Artis post the "Arrangement Agreement" on SEDAR+ outlining the full details of the merger?
2 - What are your current thoughts on the merger?
3 - In these types of transactions is it better to sell now, if you don't like the transaction or wait until further details are known.
Thank you for all the services 5i provides.
5i Research Answer:
It is quite a bizarre and unique proposal, essentially converting a REIT to a diversified...