Hampton Financial Corporation Announces 4th Quarter & Record Annual Results and Second Annual Special Dividend to Subordinate Voting and Multiple Voting Shareholders

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TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) — Hampton Financial Corporation (TSXV: HFC & HFC.PR.A) today announced its financial results for the 4^th quarter and Full Year ended August 31^st, 2022.

“The full-year results represent another record performance since becoming a public company. Our strategy for growth and streamlining our business model is showing results across all business lines once again,” said Hampton Executive Chairman & CEO Peter Deeb.

“While market conditions remain volatile and challenging for all market participants, we enter a new fiscal year with a solid pipeline of capital markets activity and significant accretive opportunities pertaining to our Wealth Management business. We want to thank our loyal clients for their continued support, and our exceptional team for their dedication during the year.”

As well, the company’s Board has declared its second Annual Special dividend on its Subordinate Voting Shares (“SVS”), and Multiple Voting Shares (“MVS”) of $0.02 per share, payable on January 14th, 2023, to all holders as of the record date of December 31^st, 2022.

Full year ended August 31^st, 2022;

• FY Revenues of $17,189,000; an increase of 8.6%
• FY Earnings of $1,733,000 or $0.06 per share; an increase of 34.0%
• FY EBITDA of $2,548,000

Fourth quarter ended August 31^st, 2021

• Q4 Revenues of $2,384,000 a decrease of 25.8%
• Q4 Earnings of $142,000 0r $0.00 per share; an increase of 373.3%
• Q4 EBITDA of $50,000; a decrease of 84.1%

We are pleased to report record results for the year ended August 31^st, 2022, which were derived from strong operating performance in each of the company’s business lines, and the continued realization of improved margins resulting from a number of strategic initiatives.

During the year, Hampton’s Capital Markets group delivered strong results, raising $446,039,163 (An increase of 109% over fiscal year 2021), for issuers across a number of industries and asset classes. We also continued to expand our Wealth Management business at a significant rate, with the addition of new advisors and their clients. The company continues to develop its Wealth Management, Investment Advisor Team, and Principal-Agent programs which will offer the industry’s most experienced wealth managers a unique and flexible operating platform that provides operational freedom, financial support, and tax effective solutions as they build and manage their professional practice.

Revenues for the full year were $17,189,000 vs $15,831,000 in fiscal year 2021; an increase of 8.6%. Net income for the same period was $ 1,733,000 or $0.06 per share vs $1,293,000 or $0.04 per share in fiscal year 2021. EBITDA for the full year was $2,548,000 vs $2,527,000 in the same period last year.

Revenues for the 4^th quarter ended August 31^st, 2021, were $2,384,000 vs $3,215,000 in the 4^th quarter of last year; a decrease of 25.8%. Net Income for the period was $142,000 or $0. 00 per share compared to net income of $30,000 or $0.00 per share in the 4^th quarter of 2021. EBITDA for the 4^th quarter was $50,000 vs $314,000 in the same quarter last year.

About Hampton Financial Corporation

Hampton Financial Corporation is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by IIROC and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad.

For more information, please contact:

Olga Juravlev
Chief Financial Officer
Hampton Financial Corporation
(416) 862-8701

Or

Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651

The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.