Leading Canadian Construction Solutions Company Selects Vroozi to Modernize its Procure-to-Pay Process to Drive Efficiency and Cost Savings

SAN FRANCISCO–(BUSINESS WIRE)–#P2P—Vroozi, the intelligent procure-to-pay platform, is pleased to announce that Modern Niagara, a leading multi-trade contractor and building solutions company in Canada, will partner with Vroozi to simplify their procurement process while providing central procurement teams with complete control and visibility. With the initial goals of reducing manual work, price compliance, invoice matching, and tracking spend to realize cost savings opportunities, Modern Niagara soon realized the potential of modernizing the procure-to-pay process within the construction industry upon deeper understanding of Vroozi’s easy-to-use procurement platform.

“We are thrilled to partner with Modern Niagara to revolutionize procurement and accounts payable within the construction industry,” said Shaz Khan, CEO and Co-Founder at Vroozi. “With our flexible and intelligent no-code platform, Modern Niagara’s on-site personnel can easily purchase the materials they need for projects, while central procurement can maintain control and visibility over spending. This partnership will not only enhance operational efficiency but also generate substantial cost savings.”

Modern Niagara specializes in constructing state-of-the-art buildings with a unique approach. By preassembling essential components, such as pipes and sheet metal, in their expansive warehouses, Modern Niagara drastically improves construction efficiency and expedites project timelines. However, as most construction companies experience, challenges often arise when it comes to procuring essential materials for construction projects and managing on-site inventory. Recognizing this hurdle, Modern Niagara sought a forward-thinking solution that would simplify the procurement process and provide more visibility into spend across their job sites. The company found the ideal partner in Vroozi, whose intuitive platform offers a mobile interface that eliminates the need for extensive technical know-how and exposes cost savings opportunities by project.

“The world of construction is evolving rapidly, and to keep pace, it’s imperative we incorporate tools that optimize our processes end-to-end,” said Mo Abdelrahim, Senior Director of National Procurement at Modern Niagara. “Partnering with Vroozi is a strategic move in this direction. We believe this step will not only elevate our procurement and payment workflows but also set a benchmark for the industry.”

The collaboration between Vroozi and Modern Niagara signifies a leap forward in digitizing procurement and payments processes within the construction industry. With Vroozi, field employees have platform access from any device, ensuring efficient purchasing of crucial materials. By simplifying purchasing, enabling cost control, and empowering central procurement teams, both companies are poised to revolutionize how materials are acquired for construction projects.

About Modern Niagara

Modern Niagara is one of Canada’s largest national mechanical, electrical, building services, and integrated building technology contractors that delivers to its clients a broad spectrum of services and offerings including GHG reduction solutions for existing buildings as well as new construction. Modern Niagara is recognized as one of Canada’s Best Managed Companies and is committed to optimizing building performance and increasing efficiency, by helping to design, build and maintain some of the most prominent infrastructures across Canada. To learn more, visit modernniagara.com.

About Vroozi

Vroozi — the intelligent procure-to-pay platform — is the leading business spend management, marketplace, and accounts payable invoice automation platform for mid-market and enterprise organizations. Vroozi’s SpendTech® platform digitizes the procurement and vendor invoice management processes by leveraging AI and ML capabilities to intelligently orchestrate business processes while bringing powerful, enterprise-grade functionality to companies of all sizes. The digital platform reduces transaction costs, maximizes efficiency, and improves business margins while providing powerful financial insights to company stakeholders. Vroozi is designed for companies who want to manage all of their spend, drive end-user adoption with their employees, connect digitally with their suppliers, and maintain spend and payments visibility from anywhere, at any time. For more information, visit vroozi.com and connect with us on LinkedIn and Twitter.

Contacts

PRESS CONTACT:
Nicole Rodrigues

NRPR Group for Vroozi

nicole@nrprgroup.com
424-421-9610

Media Relations | Modern Niagara

media@modernniagara.com

HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE: CVEO) today announced that it has entered into a definitive agreement to sell its McClelland Lake Lodge assets to a US-based mining project for approximately C$49 million, or US$36 million. The Company expects to close the transaction before January 31, 2024, subject to the satisfaction of customary closing conditions.

Highlights of the transaction include:

• Purchase price of approximately US$36 million with anticipated net proceeds of US$30 million after net demobilization costs;
• Anticipated gains from the McClelland Lake Lodge assets of approximately US$35 million to be recognized throughout the second half of 2023 and first quarter of 2024;
• Possible future opportunities to provide ancillary services to the buyer; and
• An expected increase in the Company’s 2023 cash flow of approximately US$20 million, with the remaining net proceeds to be received in 2024.

“We believe that this transaction maximizes the value of the McClelland Lake Lodge assets. Driven by numerous factors, including mining activity for energy transition and inflationary pressure on newbuild pricing, demand for existing accommodations assets is strong throughout North America. After years of solid returns from this asset, we are pleased that, subject to the satisfaction of customary closing conditions, we will have additional financial flexibility to fund growth opportunities and return capital to shareholders while maintaining our strong balance sheet,” said Bradley Dodson, Civeo’s President & Chief Executive Officer.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 24 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 26,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein, including the statements regarding Civeo’s future plans and outlook, strategic priorities, guidance, current trends and liquidity needs, and expectations regarding the closing of the transaction, are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the failure to satisfy closing conditions, the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with inflation and volatility in the banking sector, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, inflation, global weather conditions, natural disasters, global health concerns, and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s most recent annual report on Form 10-K and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400

WATERLOO, Ontario–(BUSINESS WIRE)–eSentire, Inc., the Authority in Managed Detection and Response (MDR), and Kterio, the leading provider of smart building operating systems, today announced that they have formed an ecosystem partnership for the Healthcare, Industrial and Commercial Real Estate sectors. Companies in these sectors are seeking broader, more robust solution outcomes to reduce cybersecurity risk while maintaining optimum building performance. Together, eSentire and Kterio will evaluate customer risks across traditional threat vectors and the building infrastructures supporting sustainability initiatives, building management, and operations.

Kterio has developed a revolutionary smart building operating system, Kterio OS. By harnessing the power of integrated data, Kterio uses Machine Learning and Artificial Intelligence to deliver portfolio-level, site-level, & equipment-level reporting, benchmarking, and asset visualization. Kterio customers realize savings in reduced energy consumption, fewer maintenance calls, and AI-enabled capital-expense optimization. eSentire is the leading global provider of Exposure Management, Managed Detection and Response and Incident Response services. By combining its open XDR platform technology, 24/7 threat hunting, generative AI expertise and proven security operations leadership, eSentire helps organizations anticipate, withstand, and recover from cyberattacks. As leaders in their respective fields, eSentire and Kterio are uniquely positioned to deliver a 24/7 full-scale solution to support the teams charged with managing the multiple, vast, physical sites of critical infrastructure firms.

“Clients and ecosystem partners are seeking solutions, which coalesce cybersecurity controls with building asset controls, to form a complete risk picture,” said Bob Layton, Chief Channel Officer, eSentire. “Organizations will also see operational efficiency and cyber resilience gains through this unification. Our Healthcare and Industrial clients are solving for this now and bringing eSentire to the table to deliver the security operations expertise needed. This partnership with Kterio is integral in furthering the visibility and control we can deliver across IoT environments.”

Kterio and eSentire’s ecosystem partnership will first explore joint service offerings to mutual customers while creating new paths to enhance cyber resilience and improve attack surface visibility across operational controls.

“We are delighted to form this new ecosystem partnership with eSentire. Our clients, around the world, are solving operational controls and efficiencies utilizing Kterio OS ML/AI tools right now. They’re asking us for cybersecurity solutions that tie into the Kterio data science and enterprise-class service portfolio. eSentire’s proven leadership position in cybersecurity and their investment in AI and LLMs make for a natural ecosystem partnership,” said Larry Yogel, Chairman and CEO, Kterio. “Kterio is a disruptor in a legacy industry, and we see a shared vision with eSentire,” he added.

About eSentire

eSentire, Inc., the Authority in Managed Detection and Response (MDR), protects the critical data and applications of 2000+ organizations in 80+ countries across 35 industries from known and unknown cyber threats by providing Exposure Management, Managed Detection and Response, and Incident Response services. eSentire’s award-winning global e3 partner ecosystem, representing experience, expertise, eSentire, has been awarded a 5-Star rating in the Partner Program Guide by CRN®, a brand of The Channel Company, for five consecutive years. The e3 ecosystem focuses on mapping partner engagement, productivity and overall experience to how business leaders choose to consume best-in-class cybersecurity services through marketplaces, global Managed Services Providers (MSPs), Managed Security Services Providers (MSSPs), Value Added Resellers (VARs), and Technology Service Brokers. For more information and to become a partner, visit: www.esentire.com/partners and follow @eSentire.

About Kterio

Kterio is a technology leader bringing unprecedented intelligence to buildings through its operating system (OS) and Smart Solution Center (SSC) platform. Kterio enables building owners to visualize and manage all their building assets and IoT sensors in a single platform. The Kterio OS and solution platform harnesses the power of data to reduce energy costs, and reduce maintenance costs, significantly improving the operational efficiencies of buildings. As a result of Kterio’s unique ability to integrate data from disparate systems, building owners are no longer tied to proprietary systems and maintenance contracts. Kterio OS uses ML/AI to predict and plan for equipment maintenance proactively, make changes that will save energy, and reduce carbon, enhancing Environmental, Social, and Governance (ESG) practices. For more information, visit: Kterio.com and follow @Kterio.

Contacts

Elizabeth Clarke

eSentire

Elizabeth.Clarke@esentire.com

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) looks forward to presenting its business today at its head office at 30 Adelaide Street East, Suite 301 at 10:00 a.m. ET, as part of the Dream group of companies’ Investor Day.

A copy of the presentation will be archived and available on our website here.

As part of the investor presentation, the Trust is publishing an adjusted net asset value (“NAV”)⁽¹⁾ as of June 30, 2023. Based on total unitholders’ equity of $468.8 million as of June 30, 2023, or $27.36 per unit, and incorporating the Trust’s market value adjustment from December 31, 2022, the Trust’s June 30, 2023, adjusted NAV would be $543.0 million or $31.70 per unit⁽²⁾.

The table below provides a reconciliation of adjusted NAV to total unitholders’ equity as of June 30, 2023, which is the closest IFRS measure to adjusted NAV:

See Figure 1, Reconciliation of adjusted NAV to total unitholders’ equity

At the Investor Day, the Trust’s senior management team will discuss its business plan and strategy, target capital allocation and future growth business drivers to generate returns.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, 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 Dream Impact 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; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

SPECIFIED FINANCIAL MEASURES AND OTHER MEASURES

The Trust’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). In this press release, as a complement to results provided in accordance with IFRS, the Trust discloses and discusses certain specified financial measures, including adjusted net asset value and adjusted net asset value per unit. These specified financial measures are not defined by or recognized measures under IFRS, do not have a standardized meaning and may not be comparable with similar measures presented by other issuers. The Trust has presented such specified financial measures as management believes they are relevant measures of our underlying operating performance. Specified financial measures should not be considered as alternatives to unitholders’ equity or comparable metrics determined in accordance with IFRS as indicators of the Trust’s performance and profitability. Certain additional disclosures such as the composition, usefulness and changes as applicable are expressly incorporated by reference from the Trust’s MD&A for the year ended December 31, 2022 in the section titled “Specified Financial Measures and Other Disclosures”, which has been filed and is available on SEDAR+ under the Trust’s profile.

NON-GAAP MEASURES

“Adjusted net asset value (“Adjusted NAV”)”, a non-GAAP financial measure, represents total unitholders’ equity per the condensed consolidated financial statements (the most directly comparable financial measure), adjusted for market value adjustments for equity accounted investments (including applicable deferred income tax adjustments). The market value adjustments account for the applicable deferred income tax estimates considering the timing of their realization and, if appropriate, will be incorporated into the determination of the Adjusted NAV. The applicable deferred income tax estimates related to the market value adjustments are calculated either based on income or capital gain rates or a combination thereof. The income tax rates used to determine Adjusted NAV are dependent on various factors such as anticipated development plans, stage of development and current market trends applicable to the future development plans, and will be reviewed on a regular basis and are subject to change. Excluded from the Adjusted NAV calculation are any market value adjustments with respect to liabilities as well as commitments/contracts that are not otherwise recorded as liabilities on the Trust’s condensed consolidated statements of financial position. The Trust has not appraised the lending portfolio, as the Trust intends to hold certain investments in the lending portfolio until maturity and its term to maturity is over the next one to five years; as such, this portfolio is considered fairly liquid. This non-GAAP measure is an important measure used by the Trust in evaluating the Trust’s and Asset Manager’s performance as it is an indicator of the intrinsic value of the Trust; however, it is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. A reconciliation of Adjusted NAV to unitholders’ equity, the most directly comparable financial measure, as of June 30, 2023 can be found in the table above.

NON-GAAP RATIOS

“Adjusted net asset value (“NAV”) per unit” represents the Adjusted NAV (a non-GAAP financial measure) of the Trust divided by the number of units outstanding at the end of the period. This non-GAAP ratio is an important measure used by the Trust in evaluating the Trust’s performance as it is an indicator of the intrinsic value of the Trust; however, it is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. A reconciliation of Adjusted NAV to unitholders’ equity, the most directly comparable financial measure, as of June 30, 2023 can be found in the table above.

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

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (the “Trust”) As part of the Dream group of companies’ Investor Day, the Trust looks forward to presenting its business today at its head office at 30 Adelaide Street East, Suite 301 at 10:00 a.m. ET.

A copy of the presentation will be archived and available on our website here.

At the Investor Day, the Trust’s senior management team will be discussing its business plan and strategy, and future business growth drivers to generate returns in the future.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

KELOWNA, British Columbia–(BUSINESS WIRE)–Amid the devastation caused by the Kelowna and Shuswap wildfires, Greenspan Adjusters International announced today that its team of public adjusters is on the ground in British Columbia and ready to support displaced families and business owners to ensure they are armed with the knowledge and tools needed to navigate the laborious insurance claims process.

“Being here in BC, we’re witnessing the destruction firsthand,” said Steve Severaid, Greenspan Adjusters International President. “We mourn the toll this disaster will take on families and local business owners for years to come. Even after these good and hardworking people have suffered tremendous losses, they are left with the strenuous battle of dealing with insurance claims.”

The 2023 wildfire season in British Columbia has now officially surpassed the 2018 season as the most destructive ever recorded according to area burned. With over 2 million hectares burned, 200 structures destroyed, and fires continuing to burn throughout the province, there is still no end in sight. The community will be in a state of rebuilding for years, with financial losses to B.C. forecasted to exceed $1.5 billion.

“The scope of this is beyond what I’ve seen before, and I’ve witnessed a lot of natural disasters,” Severaid said. “With ten times more land burned already this year than in all of 2022 and with fires still raging, it’s simply unprecedented. We know how frustrating, difficult, and financially debilitating it can be for homeowners and business owners to face their insurance companies after wildfires like these. We want to make sure their policies are assessed thoroughly, and their subsequent claims managed quickly, adequately, and seamlessly.”

“What is most critical,” Severaid continued, “is that policyholders advocate for their best interests by being represented by their own private adjuster. Insurance company adjusters have a conflict of interest in that they cannot fairly represent both their principal – the insurance company – and you at the same time. Most people do not know that, without the guidance of an insurance professional fighting on your behalf, not only can the claims process be overwhelming — but you may not be guaranteed an optimal payout or even an adequate claim.”

Public adjusters manage the claims of homeowners, businesses, and commercial property owners, providing much-needed support following tragedies and assist their clients in negotiating optimal settlements that they are entitled to from their insurance companies. Public adjusters work independently of insurance companies, which deploy their own teams of adjusters to mitigate their financial exposure.

Greenspan Adjusters International is offering complimentary policy and situation reviews and can provide a roadmap for recovery that addresses the particulars of each policyholder’s situation. Anyone in need can receive this benefit at any time by phone, zoom, or in-person at no cost. In that spirit, Greenspan will also host live town halls on Thursday, September 7 and Thursday, September 14 at 6 pm to teach home and business owners affected by the Kelowna and Shuswap wildfires how to best navigate the insurance claims process. Affected individuals seeking additional information about their claims process, coverage and potential payout should bring a copy of their insurance policy with them so a member of the Greenspan team can provide a complimentary review and analysis on-site. People who are not able to attend can still reach out to Greenspan Adjusters International at any of the contacts below to receive this no-cost review.

Insurance Recovery Workshops

Delta Hotel, Okanagan Grand Resort

Cassiar/Cascade Meeting Room

1310 Water Street, Kelowna, BC V1Y 9P3

Thursday, September 7 at 6 pm

Thursday, September 14 at 6 pm

For over 77 years, Greenspan Adjusters International has worked to ensure that individuals receive the full benefits to which they are entitled and offers expertise in managing every aspect of significant property damage claims so that policyholders can return to some semblance of normal. The Vancouver Office of Greenspan Adjusters International is located at 1021 W. Hastings, 9th Floor, Vancouver, British Columbia V6E 0C3.

For further information on how Greenspan can support wildfire damage claims, please contact:

Phone: (778) 588-6680

Email: info@greenspan-adjusters.ca
Website: https://www.greenspan-adjusters.ca/

About Greenspan Adjusters International:

Greenspan Adjusters International is wholly owned by The Greenspan Co. / Adjusters International; headquartered in San Francisco it is the largest and oldest public adjusting firm in the West. Greenspan helps businesses, commercial property owners, and homeowners throughout British Columbia, California, Arizona, Nevada, Washington, Idaho, Oregon, Utah, Alaska, and Hawaii manage their property damage insurance claims. With a singular focus on serving policyholders, the company boasts a team of licensed public insurance adjusters, estimators, and inventory specialists with extensive expertise in disaster recovery and property insurance claims. The Greenspan team is currently covering the disaster zones of both Lahaina, Maui, Hawaii and Kelowna, BC, Canada; assisting homeowners and business owners with their claims.

Contacts

Mark Fratkin

mark@greenspan-ai.com

TORONTO–(BUSINESS WIRE)–Smith Financial Corporation (“Smith Financial”) today announced the completion of its plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”). Pursuant to the terms of the Arrangement, a wholly-owned subsidiary of Smith Financial Corporation acquired all the issued and outstanding shares of Home Capital Group Inc. (“Home Capital” or “Home”) (TSX: HCG) that Smith Financial Corporation did not already own for $44.28 in cash per share. Since the Arrangement closed after May 20, 2023, the base consideration of $44.00 in cash per share was increased by $0.28 in cash per share, being an amount equal to $0.00273973 per share in cash per day from and including May 20, 2023 up to and including August 30, 2023.

A New and Proven Owner with Deep Affinity for Customers, Employees and Partners

Now operating as a Smith Financial Corporation company, Home Capital will maintain its focus on delivering great service to customers and business partners and leveraging its award-winning work culture.

“For many reasons, including the strength of Home’s brand among mortgage brokers, deposit brokers and hundreds of thousands of customers across Canada, we are delighted to welcome this market-leading company and its hard-working team into the Smith Financial Corporation family,” said Stephen Smith, founder and CEO of Smith Financial Corporation. “Home Capital is a strategic holding for us, and we will give our support to preserve, protect and advance Home’s place in the industry under its dedicated leadership. We look forward to collaborating with all Home stakeholders as a committed long-term owner.”

With the Arrangement now complete, Home Capital’s common shares are expected to be delisted from the Toronto Stock Exchange shortly after the date hereof. Home Capital also will apply to cease to be a reporting issuer under applicable Canadian securities laws.

Action Required by Home Capital Shareholders

Registered shareholders of Home Capital are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) representing their common shares, as applicable, to Computershare Investor Services Inc. (“Computershare”). Registered shareholders who have questions or require assistance can contact Computershare toll free at 1-800-564-6253 in North America, or at 1-514-982-7555 outside North America, or by email at corporateactions@computershare.com

For additional details regarding the Arrangement see Home Capital’s management information circular dated January 6, 2023, a copy of which can be found under Home Capital’s profile on SEDAR at www.sedarplus.ca.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including related to when Home Capital’s common shares will be de-listed from the Toronto Stock Exchange and Home Capital will cease to be a reporting issuer under applicable Canadian securities laws. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, management’s expectations, intentions and beliefs concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Home Capital and/or Smith Financial Corporation, including, as applicable, the delisting of the Home Capital common shares and Home Capital’s application to cease to be a reporting issuer. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this press release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2023 Second Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedarplus.ca, for Home Capital’s Caution Regarding Forward-looking Statements.

About Smith Financial Corporation

Smith Financial Corporation was founded by one of Canada’s leading financial services entrepreneurs and his family. With a long-term philosophy shaped by Smith family values, our purpose is to partner with and nurture great companies. Today, Smith Financial has significant equity positions in Canada Guaranty Mortgage Insurance Company, Fairstone Bank of Canada, First National Financial Corporation (TSX: FN), Glass-Lewis & Co., Home Capital, Equitable Bank (TSX: EQB), and Peloton Capital Management and its private equity funds. Please visit Smith Financial Corporation for more information.

About Home Capital

Home Capital operates through its principal subsidiary, Home Trust Company. Home Trust Company 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 Company 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

Longview Communications & Public Affairs
Jill MacRae
Partner
437-922-9215
jmacrae@longviewcomms.ca