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Home Capital to Address Analysts as CIBC Funds Boost Stake | Tony Seruga
May
11

Home Capital to Address Analysts as CIBC Funds Boost Stake

By
  • CIBC Asset, Turtle Creek now top Home Capital shareholders
  • CIBC buys shares after Mawer, QV sell stock following plunge

Home Capital Group Inc. received a vote of confidence from two money managers as the embattled mortgage lender prepares to report earnings and address analysts for the first time since a regulatory probe sent the stock reeling.

CIBC Asset Management and Turtle Creek Investment Management Inc. both lifted their stakes as of the end of April to become the top two shareholders of the Toronto-based mortgage company. Turtle Creek holds a 19 percent stake, while the money management unit of Canadian Imperial Bank of Commerce owns 15 percent, according to filings…

Home Capital to Address Analysts as CIBC Funds Boost Stake

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