Solution Financial Reports Q2 2023 Financial Results
Alberta and Vancouver, British Columbia--(Newsfile Corp. - June 13, 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 second quarter ending April 30, 2023. Earnings Highlights for the Quarter:Revenues were $3.5 million, down from the comparative quarter which was $5.6 million.Net income was $37,826 compared to net income of $203,054 during the comparative...
2023-06-13 7:00 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Solution Financial Inc. (TSX: SFI) (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 June 15, 2023 to common shareholders of record as of the close of business on May 31, 2023. This dividend is a "non-eligible...
2023-05-04 1:33 PM EDT
Solution Financial Reports Q1 2023 Financial Results
Alberta and Vancouver, British Columbia--(Newsfile Corp. - March 15, 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 first quarter ending January 31, 2023. Earnings Highlights for the Quarter:Revenues were $5.1 million, down marginally from the comparative quarter which was $5.3 million.Net loss was $328,781 compared to net income of $226,724 during the comparative...
2023-03-15 8:10 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - Solution Financial Inc. (TSX: SFI) (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 March 15, 2023 to common shareholders of record as of the close of business on February 28, 2023. This dividend is a...
2023-02-09 1:50 PM EST
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...
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...
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...
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...
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...
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...
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...
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...
2022-06-14 6:36 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company") 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 June 15, 2022 to common shareholders of record as of the close of business on May 31, 2022. This dividend is a "non-eligible...
2022-05-09 1:09 PM EDT
Solution Financial Reports Q1 2022 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - March 16, 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 first quarter ending January 31, 2022. Earnings Highlights for the Quarter:Net income for the quarter increased to $226,724 from $94,133, an increase of 140% over the prior comparative quarter.Adjusted net income(1) increased to $308,751 from...
2022-03-16 6:00 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2022) - Solution Financial Inc. (TSX: SFI) (the "Company") 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 March 15, 2022 to common shareholders of record as of the close of business on March 1, 2022. This dividend is a "non-eligible dividend"...
2022-02-10 1:22 PM EST
Solution Financial Reports Year End 2021 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - January 27, 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 year ending October 31, 2021. Earnings Highlights for the Year End:Net income for the year more than doubled to $907,166 and Adjusted net income(1) increased to $1,322,182.Net revenue increased 43% over the prior year to $20,452,133. Total lease...
2022-01-27 4:15 PM EST
Solution Financial Commences Trading on the OTCQX in the United States
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2021) - Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, is pleased to announce that effective today, the Company's common shares will begin trading on the OTCQX Best Market ("OTCQX") under the symbol "SLNFF". The OTCQX is the highest market tier operated by the OTC Markets Group Inc. on which over 11,000 U.S. and global securities trade. Trading...
2021-11-22 7:00 AM EST
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Solution Financial Inc. (TSX: SFI) (the "Company") 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, 2021 to common shareholders of record as of the close of business on November 30, 2021. This dividend is a "non-eligible...
2021-11-10 4:42 PM EST
Solution Financial Reports Q3 2021 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2021) - 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 third quarter ending July 31, 2021.Earnings Highlights for the Quarter:Net income increased to $406,455 and Adjusted net income(1) increased to $531,092.Net revenue increased 58% over the prior year quarter to $6,228,929. Total lease and finance portfolio...
2021-09-14 8:30 AM EDT
Solution Financial Announces Graduation to the Toronto Stock Exchange
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2021) - Solution Financial Inc. (TSX: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in Western Canada, is pleased to announce that it has received final approval to list its common shares on the Toronto Stock Exchange (the "TSX").Solution's common shares will commence trading on the TSX when the market opens on Wednesday, September 8, 2021, under the current trading system of "SFI"."Graduating to the...
2021-09-07 7:30 AM EDT