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Hampton Financial Corporation Announces Cash Dividend on Class A Preferred Stock and Intent to Redeem Outstanding Class A Preferred Stock, Canadian Business Journal

Not intended for distribution to US newswire services or for dissemination in the US

TORONTO, September 16, 2022 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or “Corporation”) (TSXV:HFC & HFC.PR.A) announced a cash dividend of $0.06 per share. This dividend will be paid on September 30, 2022. This will be paid to Class A Preferred Shareholders registered at the time of commencement of business. September 23, 2022. The Corporation’s dividend payments are “qualifying dividends” for Canadian income tax purposes.

The Company will also sell 243,695 shares of outstanding Class A Preferred Stock, effective September 30, 2022, at a price of $10.00 per share in accordance with the Class A Preferred Stock terms set forth in the Company’s Articles of Incorporation. Announcing our intention to redeem at the redemption price. $0.06 per share, together with all accrued, declared but unpaid dividends through the effective date of redemption, but excluding the effective date of redemption, less any taxes that the company may be required to deduct or withhold. It will be

The Corporation today notified the sole registered holders of its Class A Preferred Stock of a redemption price and date pursuant to the Class A Preferred Stock terms set forth in the Corporation’s Articles of Incorporation. Unregistered holders of Class A Preferred Stock should contact their broker or other intermediary for additional information regarding the redemption process for Class A Preferred Stock in which they hold beneficial interest. Our agent for the transfer of Class A Preferred Stock is Computershare Investor Services Inc. For questions regarding the redemption process, please contact Computershare Investor Services Inc. at 1-800-564-6253 or email us. [email protected]

About Hampton Financial Corporation

Hampton Financial Corporation is a unique private equity firm focused on building shareholder value through long-term strategic investments. Hampton, through its wholly owned subsidiary, Hampton Securities Limited (“HSL”), is active 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 offers investment banking services. This includes helping companies raise capital, advising on mergers and acquisitions, and helping issuers list on recognized stock exchanges in Canada and abroad.

For more information, please contact:

Olga Zhuravlev
CFO
Hampton Financial Corporation
(416) 862-8701

or

Peter M. Deve
Representative Director, Chairman and CEO
Hampton Financial Corporation
(416) 862-8651

TSXV has neither endorsed nor disapproved of the contents of this press release. Neither TSXV nor its regulated service providers (as those terms are defined in TSXV’s Policy) assume responsibility for the adequacy or accuracy of this press release..

No securities regulator has approved or disapproved of the contents of this press release. This press release does not constitute or form part of an offer or solicitation to buy or sell securities in any jurisdiction other than the United States or Canada. The securities offered are not, and will not be, registered or offered for sale under the United States Securities Act of 1933, as amended (the “United States Securities Act”) or the securities laws of any state of the United States. or cannot be sold. In the United States, or to unregistered U.S. persons, or pursuant to applicable exemptions from registration requirements under U.S. securities laws and applicable state securities laws. Public offerings of securities will not be made in the United States.


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Hampton Financial Corporation Announces Cash Dividend on Class A Preferred Stock and Intent to Redeem Outstanding Class A Preferred Stock, Canadian Business Journal

Source link Hampton Financial Corporation Announces Cash Dividend on Class A Preferred Stock and Intent to Redeem Outstanding Class A Preferred Stock, Canadian Business Journal

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