Home Capital Group Inc. announces dividend increase



    TORONTO, Aug. 5 /CNW/ - The Board of Directors of Home Capital Group Inc.
(TSX: HCG) has approved an increase in the quarterly dividend to 13.0 cents
per share on the outstanding Common Shares of the Company, which is equivalent
to an annual dividend of 52.0 cents per share, payable on September 1, 2008 to
shareholders of record at the close of business on August 15, 2008.
    Gerald M. Soloway, CEO of Home Capital Group Inc., stated, "This dividend
increase reflects Home Capital's continuing strong performance. Based on our
increased profitability and strengthening of regulatory capital ratios, we are
confident that the forward momentum achieved in the first half of 2008 will
continue through the balance of the year and beyond. This dividend increase
underscores the Company's commitment to provide long-term value to all our
shareholders."
    The above-mentioned dividend on the Common Shares is designated as an
"eligible" dividend for the purposes of the Income Tax Act (Canada) and any
similar provincial legislation.

    Home Capital Group Inc. is a holding company, publicly traded on the
Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home
Trust Company. Home Trust is a federally regulated trust company offering
deposit, mortgage lending, retail credit and payment card services. Licensed
to conduct business across Canada, Home Trust has offices in Ontario, Alberta,
British Columbia, Nova Scotia and Quebec.





For further information:

For further information: Gerald M. Soloway, CEO, or Nick Kyprianou,
President, (416) 360-4663, www.homecapital.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890