Street Capital Announces Election of Directors

Toronto, Ontario

Posted June 7, 2018

TORONTO, ONTARIO, June 7, 2018 - Street Capital Group Inc. (“Street Capital” or the “Company”) (TSX: SCB), which operates primarily through its wholly owned subsidiary Street Capital Bank of Canada (“Street Capital Bank” or the “Bank”) announced that the nominees listed in the management information circular for the 2017 Annual and Special Meeting of Shareholders, were elected as directors of the Corporation. Detailed results of the votes by proxy for the election of directors held at the Annual Meeting of Shareholders on June 6, 2018 in Toronto are set out below.

 

    Nominee

Votes For

% For

Votes Withheld

% Withheld

Allan C. Silber

34,581,236

91.72%

3,123,113

8.28%

W. Edward Gettings

36,868,450

97.78%

835,899

2.22%

Morris Perlis

34,287,123

90.94%

3,417,226

9.06%

Ronald Appleby, Q.C.

37,270,346

98.85%

434,003

1.15%

Lea Ray

37,605,196

99.74%

99,153

0.26%

Ron Lalonde

37,675,046

99.92%

29,303

0.08%

Tom Bermingham

37,607,396

99.74%

96,953

0.26%

Duncan Hannay

37,376,763

99.13%

327,586

0.87%

Carrie Russell

37,678,046

99.93%

26,303

0.07%

 

About Street Capital Group Inc. (streetcapitalgroup.ca)

Street Capital Group Inc. (TSX: SCB) is a public company operating through its wholly-owned subsidiary, Street Capital Bank of Canada, a federally regulated Schedule I Bank offering residential mortgage loans with the strategic goal of introducing additional retail banking products in the coming years. Street Capital Bank of Canada sources its mortgage products primarily through a network of independent mortgage brokers across Canada with whom it has built relationships. Street Capital Bank of Canada offers a broad line-up of high ratio and conventional mortgages to borrowers and either sells the mortgages it underwrites to top tier financial institutions or holds them on balance sheet. Street Capital Bank of Canada lends throughout all of the Provinces of Canada (other than Quebec) and has offices in Ontario, Alberta and British Columbia. For more information please visit streetcapital.ca.

Forward-Looking Statements

This release contains certain forward-looking statements that are based on management’s exercise of business judgment as well as assumptions made by, and information currently available to, management. When used in this document, the words “may”, “plan”, "will”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as outlined in the Company’s Annual Information Form and other filings made with securities regulators, which are available on SEDAR (sedar.com). These factors include, without limitation: expansion opportunities, technological changes, regulatory changes (including mortgage insurance rules), and changes to the business and economic environment, including, but not limited to, Canadian housing market conditions and activity, interest rates, mortgage backed securities markets, and employment conditions that may impact the Company, its mortgage origination volumes, investments and capital expenditures, and competitive factors that may impact revenue and operating costs. Any of these factors, amongst others, could cause actual results to vary materially from current results or from the Company's currently anticipated future results and financial condition. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize

 

For further information, please contact:

Jonathan Ross
Investor. Relations
Jonathan.ross@streetcapital.ca 
Tel: (416) 283-0178