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The latest announcement is out from Everyday People Financial Inc ( (TSE:EPF) ).
Everyday People Financial Corp. announced a significant debt reduction of approximately $14.9 million, resulting in annual interest savings of $1.7 million. This was achieved through the sale of inventory within its EP Homes business and settlement agreements in its Financial Services line. The company is also preparing to apply for listing on the Toronto Stock Exchange, a move expected to increase visibility and liquidity. Additionally, the Board has approved the issuance of 570,000 restricted share units to officers and management, highlighting its commitment to rewarding and retaining key personnel. These actions are aligned with the company’s strategy to strengthen its balance sheet and drive long-term value for stakeholders.
More about Everyday People Financial Inc
Everyday People Financial Corp. is a financial service provider based in Edmonton, Alberta. The company focuses on delivering financial solutions and services, including its EP Homes business line and Borrowed Down Payment Program, aimed at reducing high-cost debt and enhancing its financial stability.
YTD Price Performance: 19.35%
Average Trading Volume: 128,594
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$39.82M
For a thorough assessment of EPF stock, go to TipRanks’ Stock Analysis page.
