TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital” or the “Company”) (TSX: HCG) announced today the preliminary results of its substantial issuer bid (the “Offer”) to repurchase for cancellation up to C$300,000,000 of its common shares (the “Shares”).

In accordance with the terms and conditions of the Offer and based on a preliminary count by Computershare Investor Services Inc. (the “Depositary”), Home Capital expects to take up and purchase for cancellation 6,896,551 Shares at a purchase price of C$43.50 per Share (the “Purchase Price”). The Shares expected to be purchased under the Offer represent approximately 13.68% of the Shares issued and outstanding (undiluted) as at December 21, 2021. After giving effect to the Offer, 43,499,284 Shares are expected to be issued and outstanding.

“Concluding this substantial issuer bid represents a significant step in moving toward our target level of capital,” stated Yousry Bissada, President and Chief Executive Officer of Home Capital. “We have now returned over $900 million to shareholders since December 2018 and we intend to continue returning capital to shareholders by applying to renew our current Normal Course Issuer Bid in Q1 2022.”

Shareholders had the opportunity under the Offer to tender Shares until 5:00 p.m. (Eastern time) on December 21, 2021. The Offer was made by way of a “modified Dutch auction” with Offer prices ranging from C$43.50 to C$48.50 per Share. Based on preliminary results, approximately 16.45 million Shares were tendered under the Offer (including Shares tendered by notice of guaranteed delivery). As the Offer was oversubscribed, shareholders who made auction tenders at C$43.50 per Share and purchase price tenders are expected to each have approximately 45% of their successfully tendered Shares purchased by Home Capital, other than “odd lot” tenders, which are not subject to proration.

The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 15, 2021, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.

The number of Shares to be purchased under the Offer and the Purchase Price and the proration factor are preliminary, subject to verification by the Depositary and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Home Capital will announce the final results following completion of take-up of the Shares.

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to the Company’s completion of a substantial issuer bid, the size of the substantial issuer bid and the renewal of its normal course issuer bid. Please refer to Home Capital’s 2021 Third Quarter Report, available on Home Capital’s website at www.homecapital.com, and on the Canadian Securities Administrators’ website at www.sedar.com, for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital

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 residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Jill MacRae

VP, Investor Relations and ESG

416-933-4991

Investor.relations@hometrust.ca

TORONTO–(BUSINESS WIRE)–Please replace the release dated 12/20/21 with the following corrected version.

The updated release reads:

STARLIGHT CAPITAL ANNOUNCES 2022 CASH DISTRIBUTIONS FOR LISTED ETFS

Starlight Investments Capital LP (“Starlight Capital”), announced today the 2022 monthly distributions for its exchange-traded funds (ETFs) – The Starlight Global Infrastructure Fund (NEO:SCGI.UN) and Starlight Global Real Estate Fund (NEO:SCGR.UN). Unitholders of record will receive cash “per-unit” distributions as per the below schedule:

Starlight Global Infrastructure Fund Distribution Rate	Starlight Global Real Estate Fund Distribution Rate	Ex-Div Date	Record Date	Payable Date
$0.0477	$0.0485	10/Jan/22	11/Jan/22	14/Jan/22
$0.0477	$0.0485	7/Feb/22	8/Feb/22	11/Feb/22
$0.0477	$0.0485	7/Mar/22	8/Mar/22	11/Mar/22
$0.0477	$0.0485	4/Apr/22	5/Apr/22	8/Apr/22
$0.0477	$0.0485	9/May/22	10/May/22	13/May/22
$0.0477	$0.0485	6/Jun/22	7/Jun/22	10/Jun/22
$0.0477	$0.0485	4/Jul/22	5/Jul/22	8/Jul/22
$0.0477	$0.0485	8/Aug/22	9/Aug/22	12/Aug/22
$0.0477	$0.0485	2/Sep/22	6/Sep/22	9/Sep/22
$0.0477	$0.0485	7/Oct/22	11/Oct/22	14/Oct/22
$0.0477	$0.0485	4/Nov/22	7/Nov/22	10/Nov/22
$0.0477	$0.0485	5/Dec/22	6/Dec/22	9/Dec/22

For eligible unitholders, a distribution reinvestment plan is available. Interested unitholders should contact their brokers and consult the full text of the plan. A copy of the plan is available on www.sedar.com or can be requested from our Advisor and Investor Experience Department (contact details below).

The tax composition of the ETFs’ distributions will be determined on an annual basis and will be available only after the ETF’s tax year-end.

About Starlight Global Infrastructure Fund

The fund’s investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.

About Starlight Global Real Estate Fund

The fund’s investment objective is to provide regular current income by investing globally primarily in real estate investment trusts (REITs) and equity securities of corporations participating in the residential and commercial real estate sector.

About Starlight Capital and Starlight Investments

Starlight Capital is an independent asset management firm offering mutual funds, exchange-traded funds, offering memorandum funds and structured products. Our goal is to deliver superior risk adjusted returns to investors through a disciplined investment approach, Focused Business Investing. Starlight Capital is a wholly owned subsidiary of Starlight Investments. Starlight Investments is a privately held, full service, real estate investment and asset management company. The firm manages over $20.0 billion of assets on behalf of institutional joint ventures as well as publicly listed REITs, closed end funds and investment funds and is driven by an experienced team of over 300 professionals. Please visit us at www.starlightcapital.com and connect with us on LinkedIn.

Contacts

Marco Drumonde
Director, Advisor & Investor Experience

1-647-245-2045

mdrumonde@starlightcapital.com

The first single zone system with R-32 in North America features impressive efficiency gains while reducing emissions vs. R-410A

HOUSTON–(BUSINESS WIRE)–#Daikin–For the first time in North America, Daikin is launching a home comfort product featuring R-32, a refrigerant with one-third the Global Warming Potential (GWP) of the most common refrigerants currently being used in the United States and Canada.

The new Daikin ATMOSPHERA system featuring R-32 refrigerant from Daikin North America LLC is a single zone, ductless system that gains impressive efficiencies over its R-410A predecessor line, the LV Series, with up to 27.4 SEER, 13.8 HSPF and 16.3 EER ratings for ultra-efficient cooling and heating. Four sizes of indoor and outdoor heat pumps are available, from 9,000 to 24,000 BTU.

“Daikin has sold over 33 million R-32 systems in more than 100 countries and regions,” said Takayuki (Taka) Inoue, Executive Vice President and Chief Sales and Marketing Officer. “We are excited to be the first to bring this proven technology to North America. With an estimated 160 million R-32 systems sold by Daikin combined with other manufacturers worldwide, we are confident R-32 has the all-around performance benefits to make it the ideal replacement for R-410A.”

“Daikin ATMOSPHERA brings North America a powerful, new single-zone system that has a lower GWP, is more efficient and may help lower end-user electric bills compared to R-410A models,” explains Connie Schroder, Sr. Product Manager – Single and Multi-Zone Systems for Daikin. “We’ve also built advanced features into Daikin ATMOSPHERA heat pumps that improve comfort, cleanliness, and usability while simplifying maintenance.”

Daikin ATMOSPHERA’s heat pump performance over its R-410A predecessor is substantial, offering greatly enhanced heating and cooling capacities. The units feature up to 100 percent rated heating capacity at 5°F WB ( -15° C WB) and confirmed continuous operation as low as -13°F WB (-25°C WB). Rated cooling capacity is up to 100 percent at 115°F DB (46°C DB).

New hybrid cooling technology efficiently controls humidity, even in low-cooling loads, and maintains dehumidification effect after the target temperature is reached. Daikin ATMOSPHERA’s novel “CLEAN” operation dries the interior of the indoor unit to reduce the amount of condensation present, while a detachable drain pan allows for easy cleaning.

With the indoor unit’s built-in Wi-Fi, the system can be controlled via the internet with the Daikin Comfort Control App without the need for an additional adaptor. Daikin ATMOSPHERA’s Intelligent Eye employs an infrared sensor to detect movement in the room. If the room is empty for 20 minutes, the set point is changed to start saving energy.

Installation is now more flexible with 50 percent longer piping lengths up to 49 feet, compared to other Daikin single zone systems.

Indoor units include a wireless infrared controller and are compatible with the full suite of optional s21-based single and multi-zone controls solutions, including the Daikin One+ smart thermostat.

Daikin ATMOSPHERA is currently available in Washington, Oregon, and Florida.

Daikin ATMOSPHERA single zone systems are backed by a 12-year parts limited warranty. Complete warranty details available from your local dealer/contractor or at www.daikincomfort.com. To receive the 12-year parts limited warranty, online registration must be completed within 60 days of installation. Online registration is not required in California or Québec.

For more about Daikin ATMOSPHERA and the low-GWP potential benefits of R-32, visit www.DaikinAtmosphera.com and www.R32Reasons.com.

###

About Daikin

Daikin Industries, Ltd. (DIL) is a Fortune 1,000 company with more than 84,870 employees worldwide and is the world’s number 1 air conditioning company. Daikin North America LLC (DNA) is a subsidiary of DIL. DNA and its affiliates manufacture heating and cooling systems for residential, commercial and industrial use and are sold via independent HVAC contractors. DNA engineering and manufacturing is located at Daikin Texas Technology Park near Houston, TX. For additional information, visit www.northamerica-daikin.com.

Additional Information:

Before purchasing this appliance, read important information about its estimated annual energy consumption, yearly operating cost, or energy efficiency rating that is available from your retailer.

Contacts

Marc Bellanger – Director of Marketing & Communications – 713.263.5505

DaikinMedia@DaikinComfort.com

American Rental Association members step up to assist communities impacted by natural disaster

MOLINE, Ill.–(BUSINESS WIRE)–During the evening hours of Dec. 10 and into Dec. 11, parts of Arkansas, Illinois, Kentucky, Mississippi, Missouri and Tennessee were hit with the deadliest U.S. outbreak of tornadoes in a decade. The storm spawned at least 20 tornadoes, according to The Weather Channel. The path of destruction left at least 74 people dead in Kentucky, six in Illinois, four in Tennessee, two in Arkansas and two in Missouri. As of Dec. 14, the total death toll of 88 exceeds the 76 deaths caused by tornadoes in the U.S. in all of 2020.

Several towns across the region were left in ruins like Mayfield, Ky., which took a direct hit from an EF-4 tornado with wind speeds between 166 and 200 mph. Two and a half hours away, Bowling Green, Ky., was hit by at least two tornadoes — one being an EF-3 with winds between 136 and 165 mph.

Jordan Clarke — an ARA Insurance preferred agent and vice president of Charles M. Moore Insurance Agency — lives in Bowling Green where more than a dozen people were killed by the storm.

Clarke reported to the American Rental Association (ARA) that rental business E-Z Rent It in Bowling Green was leveled, and another building was severely impacted.

“It [the tornado] hit several residential areas and the main business thoroughfare that had a lot of commercial businesses,” said Clarke.

“Our downtown area was OK. It jumped around. It hit one area of our community that had a lot of apartments and single-family homes, skipped an area of town and then hit the business district and then hit another residential area. It bounced around and was very random. On one side of the street, the houses were destroyed. On the other side, the houses were OK. It has been very heartbreaking to see this, especially this time of year,” he said.

In Mayfield, Hutson, a John Deere dealership was hit by a tornado.

“John Deere has been in communications with Josh Waggener, resident and CEO of Hutson, since the storm hit, offering our full support,” said Jennifer Hartmann, director, public relations, John Deere.

“Through the deployment of our Enterprise Disaster Support Program, we have partnered with Hutson to provide financial assistance to strengthen community disaster response. Despite their own losses, the Hutson team has stepped up by using equipment from its store to assist with the urgent rescue efforts at the candle factory located next door to the dealership,” Hartmann said.

Sunbelt Rentals, Fort Mill, S.C., has mobilized both team members and equipment into several of the affected areas. In Edwardsville, Ill., parts of the community were damaged after an EF-3 tornado tore through the area. An Amazon warehouse partially collapsed, killing six people.

“We have team members in the Edwardsville area providing temporary structures, debris removal, lighting and temperature control to a distribution warehouse that sustained heavy structural damage,” said Walter Hoehn, emergency response and strategic customer support manager, Sunbelt Rentals.

“In Mayfield, our Emergency Response Team is engaging in site-by-site coordination with local entities to determine the best course for restoration and recovery,” Hoehn said.

Caterpillar, Deerfield, Ill., released a statement from the Caterpillar Foundation, the philanthropic arm of Caterpillar.

“Caterpillar and Cat® dealers are assisting relief efforts by providing equipment and generators to assist in rescue and cleanup. To date, this includes power to waste water treatment plants, water stations and healthcare facilities, and portable generators to support community members impacted by the disaster,” the statement said.

The ARA Foundation is offering Disaster Relief Grants to rental operations and their employees who have been severely impacted by the recent tornado outbreak. The relief grants are designed to help rental businesses rebuild and rental employees experiencing financial hardship following a natural disaster.

“It’s the mission of The ARA Foundation to provide opportunities and assistance for those in the equipment and event rental industry and the communities where they live and work. To help people repair and recover their businesses and homes, The ARA Foundation is pleased to offer financial assistance through business and employee grants,” says Marcy Wright, ARA Foundation executive director.

As Clarke’s community and numerous others move from recovery efforts to rebuilding, he said, “it is really amazing when you see a disaster like this happen, everyone pulls together. It gives you a good sense that people are good and that everyone wants to help. Everyone wants to know what to do. It has been amazing to see the outpouring of support from people from all over the place.”

Photos of E-Z Rent It in Bowling Green, KY. Photos courtesy of Jordan Clarke.

About ARA: (www.ARArental.org) The American Rental Association, Moline, Ill., is an international trade association for owners of equipment and event rental businesses and the manufacturers and suppliers of construction/industrial, general tool and event rental equipment. ARA members, which include more than 11,000 rental businesses and more than 1,000 manufacturers and suppliers, are located in every U.S. state, every Canadian province and more than 40 countries worldwide. Founded in 1955, ARA is the source for information, advocacy, education, networking and marketplace opportunities for the equipment and event rental industry throughout the world.

Contacts

ARA Contact: Debby Schaller (debby.schaller@ararental.org); 800.334.2177, ext. 275

 

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its December 2021 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The December distribution will be payable on January 14, 2022 to unitholders of record as at December 31, 2021.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its December 2021 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The December distribution will be payable on January 14, 2022 to unitholders of record as at December 31, 2021.

Dream Impact Trust is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca