Home Capital Group Inc. announces dividend

TORONTO, May 4 /CNW/ - The Board of Directors of Home Capital Group Inc. (TSX: HCG) has approved a quarterly dividend of 16.0 cents per share on the outstanding Common Shares of the Company, which is equivalent to an annual dividend of 64.0 cents per share. The dividend is payable on June 1, 2010 to shareholders of record at the close of business on May 14, 2010.

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 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 deposit services, residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending, Visa products 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: Gerald M. Soloway, CEO, or Martin Reid, President, [phone], www.homecapital.com