Equity Financial Holdings Inc. Reports Results of Annual General Meeting of Shareholders

TORONTO, May 30, 2014 /CNW/ - Equity Financial Holdings Inc. (TSX: EQI) ("Equity" or the "Corporation"), a Canadian financial services company serving the alternative residential mortgage market, today announced the voting results from its Annual General Meeting of Shareholders (the "Meeting") held on May 28, 2014.

The Nominees who stood for election as directors at the Meeting were all elected:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Brendan Calder

6,380,017

99.99%

551

0.01%

Stephen J. Griggs

5,865,461

91.93%

515,107

8.07%

Michael Jones

6,380,017

99.99%

551

0.01%

Bradley Kipp

6,123,207

95.97%

257,361

4.03%

Michele McCarthy

6,380,017

99.99%

551

0.01%

Martin Ouellet

6,380,017

99.99%

551

0.01%

David Rounthwaite

5,882,365

92.19%

498,203

7.81%

Glen Silvestri

5,865,461

91.93%

515,107

8.07%

Calvin Younger

6,380,017

99.99%

551

0.01%

Following the Meeting, Stephen J. Griggs was elected Chairman of the Board by the directors.  Mr. Griggs is Chief Executive Officer of Smoothwater Capital Corporation, which controls the largest shareholder of Equity. Mr. Griggs commented "The new board is now in place and is working closely with management to create the foundation that will support future growth. While there is much work to be done, we are confident that Equity will become a major participant in the rapidly growing alternative mortgage business in Canada."

Shareholders also approved the appointment of Ernst & Young LLP as the Corporation's independent auditor and authorized the board to fix their remuneration.

At the meeting, Mr. Griggs thanked the retiring directors Donald Wright (former Chair), Thomas Spencer and Wesley Hall, for their contributions to the Corporation.

Forward Looking Information

Certain portions of this press release as well as other public statements by the Corporation contain "forward-looking information" within the meaning of applicable Canadian securities legislation, which is also referred to as "forward-looking statements", which may not be based on historical fact.

Forward-looking statements reflect the Corporation's current views with respect to future events and are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Readers should not place undue reliance on such forward-looking statements, as they reflect the Corporation's current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation, are inherently subject to significant uncertainties and contingencies. Many factors could cause the Corporation's actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements,  the risks detailed from time-to-time in the Corporation's quarterly filings, annual information forms, annual reports and annual filings with securities regulators. The Corporation disclaims any intent or obligation to update or revise publicly any forward-looking statements whether as a result of new information, estimates, future events or results, or otherwise, unless required to do so by applicable laws.

About Equity Financial Holdings Inc.

Equity is a Canadian financial services company serving the alternative retail mortgage market through its federally regulated and wholly-owned subsidiary, Equity Financial Trust Company. Learn more at www.equityfinancialtrust.com.

SOURCE: Equity Financial Holdings Inc.

For further information: Equity Financial Holdings Inc., Michael R. Jones, President & CEO, (416) 361-0152 Ext 290, www.equityfinancialtrust.com


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