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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.

TSX:HCG - Post by User

Home Capital Group Inc

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Post by Betteryear2on Nov 15, 2021 6:59pm

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Post# 34129574

Commencement and Terms of Substantial Issuer Bid

November 15, 2021 07:00 AM Eastern Standard Time

TORONTO--(BUSINESS WIRE)--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$300,000,000 of its common shares (the “Shares”) from shareholders for cash.

https://www.businesswire.com/news/home/20211115005691/en/

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