The Globe and Mail reports in its Wednesday, Sept. 13, edition that almost 89 per cent of Home Capital Group (HCG) shareholders voted in favour of rejecting Warren Buffett's bid, via Berkshire Hathaway, to boost his interest in the mortgage lender. The Globe's James Bradshaw writes that if approved, Berkshire's interest in HCG would have almost doubled to 38.4 per cent. Berkshire is already HCG's largest shareholder but was seeking to buy a second tranche of shares at the deeply discounted price of $247-million. The decision to turn down further investment from Mr. Buffett cost Berkshire an immediate paper profit of about $90-million, as the shares it had planned to buy were already worth $337-million, based on Monday's closing price. The vote, however, can be interpreted as a signal that HCG's shareholders are feeling better about its financial stability. Since Mr. Buffett's initial investment in June, HCG has shown signs of progress and has been attracting money from depositors again. Most shareholders saw no reason to further dilute their own interests. Yet, HCG still faces an uphill battle as it aims to rebound after surviving a brush with insolvency and a run on its deposits this year.