Home Capital Group Inc HMCBF

Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.

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Home Capital Group Inc

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Comment by WBuffett1on Dec 19, 2018 8:23am

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Post# 29133480

RE:RE:Other than BH, only 7% tendered

its easy for them to work around the tax. They will pay 15% on the dividend portion but will also This transaction should be tax neutral for them.

wildrunner11 wrote: I’m really surprised to see BH tender, they MUST have a way to work around the tax consequences.

But can can see them exiting, HCG is so small for their perspective compared to other investments.

All I have to say “Thank you, BH” they really helped restore confidence and expedited the company getting on firm footing again. We as long term investors could have got such a worse deal.

WR11