Olympia Financial Group Inc. Announces an Increase to Its Monthly Cash Dividend and May Dividend

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CALGARY, Alberta — Olympia Fiscal Group Inc. (“Olympia”) (TSX: OLY) is pleased to announce that its Board of Administrators has accredited a $.04 boost to the month to month income dividend paid out on the Widespread shares of Olympia from $.23 to $.27 for each Common share. Olympia’s new regular monthly income dividend of $.27 for every Common share will commence with the May well 2022 regular monthly hard cash dividend. Olympia’s dollars dividend payments to holders of Olympia Popular shares are selected as “eligible dividends” for Canadian tax functions.

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In accordance with the above, the Board of Administrators of Olympia also declared a month-to-month hard cash dividend on the Prevalent shares of Olympia of $.27 for each popular share. This dividend will be payable on May possibly 31, 2022, to shareholders on history as at May 19, 2022. The ex-dividend date is May well 18, 2022.

Olympia designates the entire volume of this taxable money dividend to be an “eligible dividend” for needs of the Earnings Tax Act (Canada), as amended from time to time. Make sure you make contact with your tax advisor if you have any queries with regards to the designation of the suitable dividend.

About Olympia Fiscal Team Inc.

Olympia Economical Group Inc. conducts most of its operations by its subsidiary Olympia Trust Corporation, a non-deposit getting belief business. Olympia Rely on Business is licensed to carry out have faith in functions in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Have faith in Company administers self-directed registered approach accounts, gives forex trade and payment services, company trust, and transfer agency services. Olympia also offers personal well being companies plans and details know-how services to exempt sector dealers, registrants and issuers by means of its subsidiary Olympia Gains Inc.

Olympia’s widespread shares are stated on the Toronto Stock Trade less than the symbol “OLY”.

Statements Regarding Forward Looking Data

Sure parts of this press launch as perfectly as other public statements by Olympia incorporate “forward-searching information” within just the that means of applicable Canadian securities legislation, which is also referred to as “forward–looking statements”, which may perhaps not be based mostly on historical simple fact. Anywhere possible, text this sort of as “will”, “plans,” “expects,” “targets,” “continue”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” and similar expressions or statements that certain steps, activities or benefits “may,” “could,” “would,” “might” or “will” be taken, take place or be obtained, have been utilized to determine ahead-seeking information. Forward-seeking statements contained in Olympia’s public disclosure include things like, without the need of limitation, Olympia’s earnings expectations, charge earnings, price levels, common financial, political and market variables in North The us and internationally, desire and international exchange costs, world-wide fairness and capital marketplaces, organization competitiveness, technological modify, modifications in authorities laws, surprising judicial or regulatory proceedings, catastrophic gatherings, and Olympia’s skill to finish strategic transactions and other elements. In addition, this news release has ahead-wanting statements relating to the every month dividend payments to holders of Olympia’s popular shares.

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All substance assumptions made use of in generating ahead-wanting statements are based on management’s understanding of present company circumstances and anticipations of upcoming company conditions and tendencies, which includes their expertise of the latest interest amount and liquidity disorders influencing Olympia and the Canadian overall economy. Selected substance factors or assumptions are applied by Olympia in producing ahead-looking statements, which include with no limitation, things and assumptions regarding desire and overseas exchange costs, availability of essential personnel, the outcome of opposition, government regulation of its company, computer system failure or safety breaches, foreseeable future capital requirements, acceptance of its goods in the market, its running price structure, the present tax regime and the means of Olympia to receive vital third-occasion and governmental approvals, as relevant.

View supply variation on businesswire.com: https://www.businesswire.com/news/house/20220506005527/en/

Contacts

Olympia Financial Group Inc.
Rick Skauge, President and Chief Govt Officer
Gerhard Barnard, Senior Vice President and Chief Monetary Officer
Mobile phone: (403) 261-0900
Fax: (403) 265-1455

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