Solution Financial Inc.

Recent News

  • Solution Financial Reports Year End 2022 Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - January 27, 2023) - Solution Financial Inc. (TSX: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the year ending October 31, 2022. Earnings Highlights for the Year End:Net income for the year decreased to $837,554 compared to $907,166 in 2021.Adjusted net income(1) increased to $1,613,436 compared to $1,386,778 in 2021.Revenue decreased to $20,347,916 compared to $20,452,133 in 2021. Total leasing portfolio decreased 6% to $26,211,442...

    2023-01-27 5:54 PM EST
  • Solution Financial Establishes Securitization Facility with Sun Life Assurance Company of Canada

    Vancouver, British Columbia--(Newsfile Corp. - January 20, 2023) - Solution Financial Inc. (TSX: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, is pleased to announce that it has established a securitization facility for up to $35 million with Sun Life Assurance Company of Canada ("Sun Life"), the primary life insurance subsidiary of Sun Life Financial Inc., which will be advised by SLC Management. This securitization facility will enable Solution Financial to access the...

    2023-01-20 1:10 PM EST
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - November 4, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company" or "Solution") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on December 15, 2022 to common shareholders of record as of the close of business on November 30, 2022. This dividend is a...

    2022-11-04 12:00 PM EDT
  • Solution Financial Reports Q3 2022 Financial Results

    Calgary, Alberta--(Newsfile Corp. - September 13, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the third quarter ending July 31, 2022. Earnings Highlights for the Quarter:Margins were up to 36% compared to 26% for the prior year quarter as revenues were primarily from high margin leasing compared to lower margin vehicle sales.Net income was $376,928 compared to $406,455 during the...

    2022-09-13 8:01 PM EDT
  • Solution Financial Announces $15 Million Loan Facility with ATB Financial

    Calgary, Alberta--(Newsfile Corp. - September 9, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in Canada, today announced the close of a $15 million Credit Facility with ATB Financial ("ATB"). This facility is replacing the existing $12.5 million facility.HIGHLIGHTSAdds an additional $2.5 million of available creditIs more optimally structured to support future growth financing arrangementsMaintains the Company's non-dilutive and low interest capital necessary to continue to grow the...

    2022-09-09 2:12 PM EDT
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - August 5, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company" or "Solution") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on September 15, 2022 to common shareholders of record as of the close of business on August 31, 2022. This dividend is a...

    2022-08-05 6:33 PM EDT
  • Solution Financial Completes Convertible Debenture Financing

    Vancouver, British Columbia--(Newsfile Corp. - July 29, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") is pleased to announce that it has closed a non-brokered financing of unsecured convertible debentures (the "Debentures") with a principal amount of $3,175,400. The Debentures mature on the second anniversary of the date of issuance and bear interest at a rate of 5.00% per annum, calculated and paid semi-annually. The principal amount and any accrued and unpaid interest on the Debentures...

    2022-07-29 12:49 PM EDT
  • Solution Financial Reports Q2 2022 Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - June 14, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the second quarter ending April 30, 2022. Earnings Highlights for the Quarter:Revenues for the quarter increased moderately to $5,610,046 compared to $5,581,297 during the prior comparative quarter.Net income remained relatively consistent at $203,054 compared to $199,695 during the prior comparative quarter.Adjusted net income(1) increased to...

    2022-06-14 6:36 PM EDT