Reverse mortgage provider becomes a chartered bank
The company is conserving cash until its subsidiary receives approval to become a Schedule I bank
Shares to begin trading on TSX
Trust to pay final distribution of 12¢ per unit
The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement to convert Home Equity Income Trust to a corporate structure, the trust said Tuesday.The conversion, which was previously approved by the trust’s unitholders at its annual and special meeting on April 30, will result in the reorganization of the […]
Trust hoping to obtain bank charter for Canadian Home Income Plan
The mortgage firms are looking to become Schedule 1 banks in an effort to gain greater access to funding
Measure would enable access to retail deposits