Hampton Financial Corporation Announces Cash Dividend on Class A Preferred Shares and Intention to Redeem Outstanding Class A Preferred Shares
September 16 2022 - 6:08PM
Hampton Financial Corporation (“Hampton” or the
“Corporation”) (TSXV:HFC & HFC.PR.A) announces a cash dividend
of $0.06 per share, payable on September 30, 2022, to Class A
Preferred Shareholders of record as at the start of business on
September 23, 2022. The Corporation’s dividend payments qualify as
an ‘eligible dividend’ for Canadian income tax purposes.
The Corporation also announces its intention to
redeem its 243,695 issued and outstanding Class A Preferred Shares
effective September 30, 2022, in accordance with the terms of the
Class A Preferred Shares as set out in the Corporation’s articles,
at the redemption price of $10.00 per share together with all
accrued and declared but unpaid dividends to, but excluding, the
effective date of redemption, being $0.06 per share less any tax
required to be deducted or withheld by the Corporation.
The Corporation has provided notice today of the
redemption price and redemption date to the sole registered holder
of the Class A Preferred Shares in accordance with the terms of the
Class A Preferred Shares as set out in the Corporation’s articles.
Non-registered holders of the Class A Preferred Shares should
contact their broker or other intermediary for other information
regarding the redemption process for the Class A Preferred Shares
in which they hold a beneficial interest. The Corporation’s
transfer agent for the Class A Preferred Shares is Computershare
Investor Services Inc. Questions regarding the redemption process
may be directed to Computershare Investor Services Inc. at
1-800-564-6253 or by e-mail to
corporateactions@computershare.com.
About Hampton Financial
Corporation
Hampton Financial Corporation is a unique
private equity firm that seeks to build shareholder value through
long-term strategic investments. Through its wholly owned
subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively
engaged in family office, wealth management, institutional
services, and capital markets activities. HSL is a full-service
investment dealer, regulated by IIROC and registered in Alberta,
British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest
Territories, Ontario, and Quebec. In addition, the company provides
investment banking services, which include assisting companies with
raising capital, advising on mergers and acquisitions, and aiding
issuers in obtaining a listing on recognized securities exchanges
in Canada and abroad.
For more information, please contact:
Olga JuravlevChief Financial OfficerHampton
Financial Corporation(416) 862-8701
Or
Peter M. DeebExecutive Chairman & CEOHampton
Financial Corporation(416) 862-8651
The TSXV has in no way approved nor
disapproved the contents of this press release. Neither the TSXV
nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this press release.
No securities regulatory authority has
either approved or disapproved of the contents of this press
release. This press release does not constitute or form a part of
any offer or solicitation to buy or sell any securities in the
United States or any other jurisdiction outside of Canada. The
securities being offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or the securities laws of any state of the
United States and may not be offered or sold within the United
States or to a U.S. person absent registration or pursuant to an
available exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws. There will be
no public offering of securities in the United States.
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Apr 2023 to Apr 2024