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BRIEF-Home Capital announces suspension of dividend
May 8, 2017 / 11:12 AM / in 5 months

BRIEF-Home Capital announces suspension of dividend

May 8 (Reuters) - Home Capital Group Inc:

* Home Capital provides update on liquidity and deposit withdrawals; announces suspension of dividend

* Home Capital Group Inc - has drawn down a total of $1.4 billion from its $2 billion credit line, terms of which were announced by company on April 27, 2017.

* Announced Suspension of its quarterly dividend to prudently manage liquidity.

* Continue to work towards seeking lower cost sustainable funding solutions and to evaluate strategic alternatives Source text for Eikon: Further company coverage:

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