07:56:52 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Home Capital Group Inc
Symbol HCG
Shares Issued 64,201,769
Close 2017-05-25 C$ 9.01
Market Cap C$ 578,457,939
Recent Sedar Documents

Home Capital liquidity, credit capacity fall to $1.11B

2017-05-25 16:46 ET - News Release

Ms. Laura Lepore reports

HOME CAPITAL PROVIDES UPDATE ON LIQUIDITY AND DEPOSITS

Home Capital Group Inc. continues to maintain sufficient aggregate liquidity and credit capacity and has provided an update on its current position as of May 24, 2017:

  • Aggregate available liquidity and credit capacity stood at approximately $1.11-billion, including the undrawn amount of $350-million under the company's $2-billion credit facility.
  • Home Trust High Interest Savings Account (HISA) deposit balances stood at approximately $111-million.
  • Total guaranteed investment certificate (GIC) deposits, including Oaken and broker GICs, stood at approximately $12.3-billion, and Oaken savings accounts stood at approximately $143-million.

               AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT BALANCES
   
                                                                                     GICs in a 
           Aggregate liquidity                           Oaken                        cashable
           and credit capacity            HISA         savings          GIC (1)       position
                   ($ billions)    ($ millions)    ($ millions)    ($ millions)    ($ millions)

May 24                   $1.11          $111.4          $143.2       $12,300.5            $148
May 23                   $1.14          $113.3          $145.3       $12,296.3            $145
May 22                   $1.46          $115.0          $144.3       $12,332.8            $144
May 19                   $1.46          $115.0          $146.1       $12,330.4            $144
May 18                   $1.47          $116.2          $145.8       $12,339.7            $144
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

(1) GICs in a cashable position are included in the total GIC deposit balances reported daily.

Home Trust and Home Bank are members of CDIC. Deposits with each are separately eligible for CDIC coverage up to applicable limits.

About Home Capital Group Inc.

Home Capital Group operates 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 through 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.