Hampton Financial Corporation Announces Cash Dividend on Class A Preferred Shares and Intention to Redeem Outstanding Class A Preferred Shares
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Sept. 16, 2022 (GLOBE NEWSWIRE) — 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 email@example.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:
Chief Financial Officer
Hampton Financial Corporation
Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
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.