Home Capital Group Inc. announces dividend increase

TORONTO, May 6 /CNW/ - The Board of Directors of Home Capital Group Inc. (TSX: HCG.TO) has approved an increase in the quarterly dividend to 14.0 cents per share on the outstanding Common Shares of the Company, which is equivalent to an annual dividend of 56.0 cents per share. The dividend is payable on June 1, 2009 to shareholders of record at the close of business on May 15, 2009.

Gerald M. Soloway, CEO of Home Capital Group Inc., stated, "We are pleased to be increasing common share dividends for the ninth time in the past five years. This 8% dividend increase underlines our long-term commitment to enhance value for our shareholders, and reflects our continuing strong financial performance and our positive future outlook."

The above-mentioned dividend on the Common Shares is designated as an "eligible" dividend for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

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 deposit, mortgage lending, retail credit and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.

Contacts

Gerald M. Soloway
CEO
or Nick Kyprianou
President
(416) 360-4663
www.homecapital.com