/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Oct. 19, 2017 /CNW/ - Home Capital Group Inc. ("Home Capital" or "the Company") (TSX: HCG) today announced it has filed a final short form universal base shelf prospectus (the "Prospectus") with the Securities Commissions in each of the provinces and territories of Canada, with the exception of Quebec. The Prospectus qualifies offerings of up to $750 million of securities over a 25-month period.
The Prospectus is not a commitment to undertake any financing, nor does the Company have any current intention of offering securities from treasury under this Prospectus. The Prospectus was filed to satisfy Home Capital's obligations under the registration rights agreement entered into with a subsidiary of Berkshire Hathaway Inc. and to provide the Company with financing flexibility going forward.
The specific terms of any future offering will be established in a prospectus supplement at the time of such offering. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Please refer to Home Capital's 2016 Annual Report, available on Home Capital's website at www.homecapital.com, and on the Canadian Securities Administrators' website at www.sedar.com, for Home Capital's Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.
A copy of the final shelf prospectus may be obtained from the SEDAR website at www.sedar.com and also may be obtained from the Company by directing a request by email at [email protected] or by mail at 145 King St. West, Suite 2300, Toronto, Ontario M5H 1J8, telephone 1-416-360-4663.
SOURCE Home Capital Group Inc.
For further information: Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, [email protected]