Home Capital sells commercial mortgage assets valued at approximately C$1.2 billion to KingSett Capital

On June 20, 2017, Home Capital Group Inc. ("Home Capital") announced that its subsidiary, Home Trust Company, entered into a definitive agreement with KingSett Capital ("KingSett") on behalf of KingSett Real Estate Mortgage LP No. 3 and KingSett High Yield Fund to sell a portfolio of commercial mortgage assets valued at approximately C$1.2 billion. This announcement is in keeping with Home Capital's previous disclosure that it was pursuing financing and strategic options.

Home Capital announced the closing of its sale of certain commercial mortgage assets on July 6, 2017 and July 25, 2017, followed by the closing of the final tranche on August 17, 2017.

Home Capital Group 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 residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services.

KingSett Capital is Canada's leading private equity real estate investment business, co-investing with institutional and high net worth individuals, using active management to deliver premium risk weighted returns. KingSett invests through its Growth, Income and Mortgage funds, which own interests in assets worth over C$10 billion.

Further information can be found on Canada Newswire's website.