Ms. Laura Lepore reports
HOME CAPITAL PROVIDES UPDATE ON LIQUIDITY AND DEPOSITS
Home Capital Group Inc. has provided an update on the company's liquidity position as of Wednesday, May 17, 2017. The company continues to maintain sufficient aggregate liquidity and credit capacity:
- Aggregate available liquidity and credit capacity of approximately $1.47-billion, including the undrawn amount of $600-million under the company's $2-billion credit facility;
-
Home Trust high-interest savings account (HISA) deposit balances stood at approximately $120-million;
-
Total guaranteed investment certificate (GIC) deposits, including Oaken and broker GICs, stood at approximately $12.35-billion, and Oaken savings accounts stood at approximately $145-million.
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT BALANCES
Aggregate liquidity HISA Oaken savings GIC GICs in a
and credit capacity (millions) (millions) (millions) cashable
(billions) position
(millions)
May 17 $ 1.47 $ 120.2 $ 145.2 $ 12,347.9 $ 146
May 16 1.48 116.8 146.0 12,363.2 153
May 15 1.48 120.9 146.1 12,382.4 160
May 12 1.51 125.4 150.5 12,438.3 167
May 11 1.56 125.5 153.6 12,485.9 198
May 10 1.61 129.1 155.2 12,517.7 202
May 9 1.60 134.2 155.4 12,539.3 209
May 8 1.71 146.9 158.7 12,583.3 228
May 5 1.75 193.4 166.7 12,636.3 237
May 4 1.78 220.3 171.0 12,669.6 244
May 3 1.79 242.8 180.9 12,701.8 260
May 2 1.97 270.2 185.4 12,728.7 274
May 1 1.99 324.1 194.2 12,749.1 288
Note: GICs in a cashable position are included in the total GIC deposit balances reported daily.
Home Trust and Home Bank are members of Canada Deposit Insurance Corp. Deposits with each are separately eligible for CDIC coverage up to applicable limits.
We seek Safe Harbor.
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