Further to the announcement by Home Capital Group Inc. (“Home Capital” or the “Company”) (TSX: HCG) on September 14, 2022, the Company announced today that it has taken up 1,547,296 common shares (the “Shares”) at a purchase price of C$28.60 per Share under the Company’s substantial issuer bid (the “Offer”) to repurchase for cancellation up to C$115,000,000 of its Shares. The Shares to be purchased under the Offer represent approximately 3.87% of the Shares issued and...
Home Capital Group Inc. (“Home Capital” or the “Company”) (TSX: HCG) announced today the preliminary results of its substantial issuer bid (the “Offer”) to repurchase for cancellation up to C$115,000,000 of its common shares (the “Shares”). In accordance with the terms and conditions of the Offer and based on a preliminary count by Computershare Investor Services Inc. (the “Depositary”), Home Capital expects to take up and purchase for cancellation 1,547,296 Shares at a...
Yousry Bissada, President and CEO of Home Capital Group Inc. (“Home Capital”) (TSX:HCG), will present at the Scotiabank 23 rd Annual Financials Summit on September 8, 2022 at 3:30 p.m. ET. A link to a live webcast of the presentation will be available on the date of the event on Home Capital’s website at www.homecapital.com/investors/events-and-presentations . An archived version of the webcast will be available following the presentation. About Home Capital: Home Capital Group Inc. is a...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or the “Company”) today announced that it has received an unsolicited, non-binding and conditional expression of interest (the “Non-Binding Expression of Interest”) from an arm’s-length third party (the “Third Party”) expressing an interest in acquiring all of the Company’s issued and outstanding common shares, which the Board of Directors of the Company (the “Board”) has reviewed and determined is not in the best...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) today announces that it has formally commenced its previously announced substantial issuer bid (the “Offer”), pursuant to which Home Capital will offer to repurchase for cancellation up to C$115,000,000 of its common shares (the “Shares”) from shareholders for cash. As previously announced, the Offer is being made by way of a “modified Dutch auction”, which allows shareholders to select the price, within the...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today announced that its Board of Directors declared a common share dividend of $0.15 per share for the third quarter 2022. The dividend is payable on September 15, 2022 to shareholders of record on August 31, 2022. The dividend is designated as an “eligible” dividend for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. About Home Capital Home Capital Group Inc. is a public...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) today announces that its board of directors has authorized the initiation of a substantial issuer bid (the “Offer”), pursuant to which Home Capital will offer to repurchase for cancellation up to C$115,000,000 of its common shares (the “Shares”) from shareholders for cash. The Offer is expected to be made by way of a “modified Dutch auction”, which would allow shareholders to select the price, within a price...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today reported financial results for the three and six months ended June 30, 2022. This press release should be read in conjunction with the Company’s 2022 Second Quarter Report including Financial Statements and Management’s Discussion and Analysis which are available on Home Capital’s website at www.homecapital.com and on SEDAR at www.sedar.com . “We are making progress in all our businesses and delivering on...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) will report financial results for the three months and six months ended June 30, 2022 on Thursday, August 4, 2022 before markets open. Home Capital’s executive management will host a conference call webcast on the same day at 8:00 a.m. ET. Management will discuss the Company’s financial results and follow with a question-and-answer period for analysts and investors. Participants may register in advance for the...
Home Capital Group Inc. (“Home Capital”) (TSX: HCG) and its subsidiary Home Trust Company, (“Home Trust” or “the Company”) announce the closing of a successful offering of two-year $200 million fixed-rate deposit notes (the “Notes”). This deposit note issuance marks Home Trust’s first issuance of deposit notes since 2015. The Notes bear an interest rate of 5.317% which represented a spread of 225 basis points over comparable term Government of Canada Bonds and have a maturity...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) announced today the voting results from its Annual Meeting of Shareholders held Wednesday, May 18, 2022. The total number of shares represented by shareholders in person and by proxy was 25,901,035 representing 59.91% of Home Capital’s issued and outstanding common shares. Shareholders voted in favour of all items of business, including election of each of the director nominees as follows: NOMINEE NAME VOTES FOR VOTES...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX:HCG) reported that the Public Accountability Statement for Home Trust Company, a subsidiary of Home Capital, is now available online at www.hometrust.ca/about/public-accountability . The Public Accountability Statement highlights activities that Home Trust has undertaken to support its commitment to corporate social responsibility. Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG),...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today announced that its Board of Directors declared a common share dividend of $0.15 per share for the second quarter 2022. The dividend is payable on June 15, 2022 to shareholders of record on May 31, 2022. The dividend is designated as an “eligible” dividend for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. About Home Capital Home Capital Group Inc. is a public company,...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today reported financial results for the three months ended March 31, 2022. This press release should be read in conjunction with the Company’s 2022 First Quarter Report including Financial Statements and Management’s Discussion and Analysis which are available on Home Capital’s website at www.homecapital.com and on SEDAR at www.sedar.com . “We are starting off with good momentum in growing our mortgage book...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) announces that it will be holding its Annual General Meeting in hybrid form, welcoming participants both virtually and in person, on May 18, 2022 at 10:00 a.m. ET. The in-person component of the Meeting will be held in the Manitoba Room of the Fairmont Royal York Hotel in Toronto. Shareholders may also attend the Meeting virtually by live webcast at https://meetnow.global/MSY62FM . Details on how to attend the Meeting...
Oaken Financial (“Oaken”), the direct-to-consumer brand backed by Home Bank and powered by Home Trust Company, today announced an increase in the annual interest rate on its five-year Guaranteed Investment Certificate to 4.00%*, effective April 14, 2022. “This is the first time in over a decade that Canadians will have the option to invest their savings for five years at a 4.00% guaranteed rate,” said Mike Henry, Executive Vice President, Digital and Strategy at Home Trust. “Oaken is...
Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX:HCG), today announced, in addition to current members of its board of directors, the nomination of David Court, Joseph Natale and Edward Waitzer for election to its board of directors at its Annual General Meeting on May 18, 2022. “The addition of these three outstanding candidates to our existing Board of Directors reflects a turning point in the future growth and development of Home Capital,” stated Alan Hibben, Chair...
Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) will report financial results for the three months ended March 31, 2022 on Wednesday, May 4, 2022 before markets open. Home Capital’s executive management will host a conference call webcast on the same day at 8:00 a.m. EDT. Management will discuss the Company’s financial results and follow with a question-and-answer period for analysts and investors. Participants may register in advance for the conference call by...
Home Capital Group Inc. (TSX:HCG) and its subsidiary, Home Trust Company, announced a donation of $50,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal in support of humanitarian relief efforts in Ukraine. Canadians wishing to donate may do so here or by calling 1-800-418-1111. The Government of Canada has announced that it will match donations to the Appeal from individual Canadians up to a maximum of $10 million. About Home Capital: Home Capital Group Inc. is a public company,...
Home Capital Group Inc. (“Home Capital”) (TSX:HCG) and its subsidiary Home Trust Company (“Home Trust” ) announce the closing of a previously disclosed private placement of residential mortgage-backed securities (“RMBS”) issued by Classic RMBS Trust (the “Series 2022-1 Notes” or the “Notes”), a securitization vehicle sponsored by Home Trust. The Series 2022-1 Notes are backed by a portfolio of near-prime, uninsured, residential mortgages and are composed of A, B and Z...