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Media Advisory - Home Capital Group Inc. annual meeting - May 13, 2009: Shareholders to vote on rights plan

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^{Published in Business and Finance on Tuesday, May 12th 2009 at 13:24 GMT, Last Modified on 2009-05-12 13:25:04 by Market Wire}  

 TORONTO, May 12 /CNW/ - Home Capital Group Inc. (TSX: HCG) will hold its annual and special meeting of shareholders Wednesday, May 13, 2009 at 11:00 a.m. Toronto time at the Design Exchange, Trading Floor, Second Floor, 234 Bay Street, Toronto, Ontario. As previously announced on March 11, 2009, Home Capital's Shareholder Rights Plan will be submitted for ratification by the Company's shareholders at the meeting. The purpose of the Shareholder Rights Plan is to provide the Board of Directors of Home Capital with sufficient time to explore and develop alternatives for maximizing shareholder value if a take-over bid is made for the Company and to ensure that every shareholder has an equal opportunity to participate in such a bid. The Shareholder Rights Plan is not intended to deter take-over proposals. Home Capital is not aware of any pending or threatened take-over bid for the Company. 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. 

For further information: Gerald M. Soloway, CEO, or Nick Kyprianou, President, (416) 360-4663, [ www.homecapital.com ]