Welcome To HOMEQ Corporation
HOMEQ Corporation, through its wholly-owned subsidiary, HomEquity Bank originates and administers Canada's largest portfolio of reverse mortgages under the CHIP Home Income Plan label.
Notice of Annual and Special Meeting and Management Information Circular
Letter of Transmittal for Registered Shareholders Only
May 16, 2012
Glass Lewis Recommends HOMEQ Shareholders Vote FOR the Birch Hill Arrangement Agreement.
May 10, 2012
ISS recommends HOMEQ shareholders vote FOR the Birch Hill arrangement agreement.
May 1, 2012
HOMEQ recommends shareholders vote FOR the Birch Hill arrangement agreement.
March 30, 2012
HOMEQ enters into arrangement agreement with Birch Hill.
Need help?
If you have any questions or need further information please contact our proxy solicitation agent Georgeson Shareholder Communications Canada.
Phone: 1 (866) 656-4104
Email: askus@georgeson.com
Financial Reports
2012 First Quarter Webcast Summary
2012 First Quarter Financial Statements
2012 First Quarter Management Discussion & Analysis
2011 Annual Results Webcast Summary
2011 Third Quarter Webcast Summary
2011 Third Quarter Financial Statements
2011 Third Quarter Management Discussion & Analysis
Press Releases
May 16, 2012
HOMEQ Corporation announced today that Glass Lewis & Co., LLC ("Glass Lewis") has recommended that its clients vote FOR the Arrangement Agreement, under which Birch Hill Equity Partners ("Birch Hill") will indirectly acquire all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per share.
May 14, 2012
HOMEQ Corporation Reports First Quarter Results
2012 First Quarter Results Compared to First Quarter 2011:
- Net income of $0.04 per share compared with net loss of $0.06 per share,
- Adjusted net income of $0.13 per share compared with $0.04 per share,
- Originations decreased 6% to $45 million,
- Mortgage portfolio of $1.2 billion increased 16%.
May 11, 2012
HOMEQ Corporation today announced that it will release its first quarter financial results on May 14, 2012. The Company will hold a conference call to discuss the results on May 15, 2012 at 9:00 a.m. (Eastern).
May 10, 2012
HOMEQ Corporation announced today that Institutional Shareholder Services Inc. ("ISS") has recommended that its clients vote FOR the Arrangement Agreement, under which Birch Hill Equity Partners ("Birch Hill") will indirectly acquire all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per share.
May 1, 2012
HOMEQ Corporation announced today that it has filed a Management Information Circular that details, among other things, the reasons for the HOMEQ Board of Directors' unanimous recommendation that the shareholders should vote FOR the Arrangement Agreement under which Birch Hill Equity Partners ("Birch Hill") will indirectly acquire all of the outstanding common shares (the "Shares") of HOMEQ (the "Arrangement") for cash at a price of $9.50 per Share (the "Transaction").
April 27, 2012
HOMEQ Corporation announced today that that it has obtained an interim order of the Ontario Superior Court of Justice, providing for, among other things, the holding of an annual and special meeting of the holders ("Shareholders") of common shares of HOMEQ.
March 30, 2012
HOMEQ Corporation ("HOMEQ") (TSX: HEQ) announced today that it has entered into an arrangement agreement (the "Arrangement Agreement") under which Birch Hill Equity Partners ("Birch Hill") will indirectly acquire all of the outstanding common shares (the "Shares") of HOMEQ (the "Arrangement") for cash at a price of $9.50 per Share (the "Transaction") representing total equity value, on a fully diluted basis, of approximately $138 million.
March 5, 2012
HOMEQ Corporation [TSX: HEQ ("HOMEQ")], announced today that its Board of Directors declared a quarterly dividend of $0.07 per share on the outstanding common shares of the company. The dividend is payable on April 13, 2012 to shareholders of record at the close of business on March 29, 2012.
March 5, 2012
HOMEQ Corporation Announces the Release of its 2011 Annual Financial Results
2011 Annual Results Compared to 2010:
- The mortgage portfolio grew by 17% to $1.2 billion;
- Originations grew by 16% to $239 million;
- Net income of $0.24 per share improved from net loss of $0.05 per share;
- Adjusted net income increased by 18% to $0.52 per share.
2011 Fourth Quarter Results Compared to 2010:
- Originations grew by 41% to $67 million;
- Net income of $0.08 per share improved from net income of $0.0 per share;
- Adjusted net income increased by 55% to $0.17 per share.
HOMEQ Corporation [TSX: HEQ (“HOMEQ”)], today announced its financial results for the year ended December 31, 2011.