04:22 PM EDT, 09/22/2025 (MT Newswires) -- RF Capital Group ( GMPFF ) on Monday said its shareholders voted to approve the $597-million sale of the wealth manager to IA Financial Corporation ( IAFNF ) .

RF Capital ( GMPFF ) said 98.8% of common shares were voted in favor of the deal, which will see IA Financial ( IAFNF ) $20.00 per share in cash, while 99.6% of Series B preferred shares, which receive $25.00 per share, approved the offer.

The deal is still subject to court approval and customary regulatory conditions; a final order from the Ontario Superior Court of Justice is expected on September 26.

Shares of RF Capital ( GMPFF ) closed up $0.02 to $19.88 on the Toronto Stock Exchange.