TORONTO, Nov. 30, 2025 /CNW/ – Richards Packaging Income Fund (RPI.UN) announced an amendment to the terms of the proposed security-based compensation plan of Richards Group Inc. (RGI), which will be presented for approval at the Fund’s special unitholder meeting scheduled for December 11, 2025.

The amendment limits participation by non-executive directors to no more than $150,000 per year per director, excluding deferred share units and restricted share units granted in lieu of director fees. Under the revised plan, non-executive directors are not eligible to receive stock options.

This change follows a report from Institutional Shareholder Services Inc., a leading proxy advisory and corporate governance services firm, which recommended adjustments to the plan.

The revised plan will be available for review on the Fund’s website here and on the Fund’s SEDAR+ profile at www.sedarplus.ca.

About Richards Packaging Income Fund
Richards Packaging Income Fund owns Richards Packaging Inc., a packaging distributor serving over 24,000 clients in healthcare, cosmetics, food & beverage, and other sectors since 1912. Over the last decade, the company has expanded its operations into medical devices and supplies, which now drive the majority of its business.