Home Capital Group Inc 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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Comment by canaderon Dec 11, 2021 7:51am

135 Views

Post# 34221373

RE:RE:RE:RE:RE:RE:RE:SIB

I do more zeroes, but anyways,...

For a profit of 200$ low risk registered account trade. buy 99 shares $HCG before DEC 16th and tender it to the Dutch auction and ask 43.50$ for them (deadline is Dec 21th but a lot of firms need instruction way in advance, always check with them for the deadline )

"Buy" means settled trade! So Dec 14th for the buy. After that and until the 21st you are a special case and gotta jump through hoops to try and maybe make it happen.

GLTA cept the Dhorties of course!

canader wrote:
Info has to reach Home Capital by 5pm(EST) Dec 21st. Your broker will have an earlier cut off. So you should check with your broker. You are cutting it close,

TFSA usually not that big, if you miss the window. No biggy, IF you read the SIB you will notice that they intend to start an NCIB once the SIB is done. Last time around that was right after the SIB. As in days after.

Regards

organeer wrote:

canader wrote:
Buy in your RRSP or TFSA. Sell to SIB, Easy monneeey. Avoid taxes in cash accounts.

GLTA cept Dhorties of course!

caretired1 wrote:
The tax treatment will likely be the same as before.

it's highly unlikely all would tender so to make 5% in a few weeks on whatever they take at 43.50 based on today's close is a good move, in my opinion

I got the notice today to tender but i wanna keep some and its taxable acct. Is it too late to buy from my tfsa after this weekend and tender for a profit?