NFX

NexGen Financial Corporation ("NexGen" or "the Company"), (TSX VENTURE:NFX) is
pleased to announce its financial results for the three and twelve month periods
ended December 31, 2013. 


2013 Highlights 



--  New equity funds launched in 2013 contributed net sales of $96 million.
    These sales continued in 2014 with net sales of approximately $32.3
    million year to date. 
--  AUM(1) has broadened with balanced and equity funds representing 51% of
    total AUM at year end from 34% at the end of the prior year 
--  AUM(1) decreased 14.7% to $877.2 million as of December 31, 2013, from
    $1,028.1 million as of December 31, 2012 
--  Operating EBITDA(2) decreased by $0.4 million to $1.5 million ($0.32 per
    share) for 2013, from $1.9 million ($0.42 per share) in the prior year



NexGen reported a net loss for 2013 of $0.5 million ($0.11 loss per share),
compared with a net loss of $0.2 million ($0.04 loss per share) in the prior
year. 


Q4 2013 Results  

Management and administration fee revenues decreased 18% to $3.5 million in the
fourth quarter of 2013, from $4.2 million in the fourth quarter of 2012. Tax
management fee revenue, which are based on achieving performance and tax
objectives and are earned in the fourth quarter of each year, decreased by
$395,146 when compared to the prior year. Operating EBITDA decreased by $0.4
million to $0.6 million in the fourth quarter of 2013, from $1.0 million in the
fourth quarter of 2012. The decrease in the operating performance resulted
primarily from lower levels of AUM and lower realization of tax management fee
partially offset by lower operating expenses. 


Net income for the fourth quarter of 2013 was $0.1 million ($0.03 per share) as
compared to $0.3 million ($0.07 per share) for the same period in the prior
year. 


"We are excited about 2014 and the opportunities ahead. With our improved
product line-up and investment management capability and our cost cutting, we
are taking the steps required to position the Company for future growth and a
return to positive net sales." said Abe Goenka, Interim Co-CEO of NexGen.


Notes:



1.  Assets under management or "AUM" refers to the market value of net
    assets of the investment funds on which management fees are calculated.
    Industry data as reported by the Investment Funds Institute of Canada. 
2.  Operating EBITDA defined by NexGen as earnings before interest, taxes,
    depreciation and amortization, investment income and other non-cash
    expenses.



Non-GAAP financial measures such as "Assets Under Management" or "AUM" and
"Operating EBITDA" do not have any standardized meaning prescribed by
International Financial Reporting Standards ("IFRS") and may not be comparable
to similar measures presented by other companies. Readers are cautioned that
these non-GAAP measures are not alternatives to measures determined in
accordance with IFRS and should not, on their own, be construed as indicators of
performance, cash flows, or profitability. However, management of NexGen
believes that most shareholders, creditors and other stakeholders prefer to
include the use of these financial measures in analyzing the Company's results.


About NexGen Financial

NexGen Financial Corporation is a mutual fund company and was founded to develop
value added investment solutions for financial advisors and their clients. The
firm is focused on the creation of innovative investment products and services
that meet the needs of Canadians seeking more tax efficient investment
opportunities and greater control over the tax treatment of their investments.
Managed by strong investment professionals, NexGen's unique Registered and
Tax-Managed Fund offerings are well positioned as attractive investment
opportunities for Canadians looking to alleviate the tax costs associated with
traditional investment solutions. 


Forward Looking Statements 

This release may contain "forward-looking statements" which reflect the current
expectations of the Company. These statements reflect management's current
beliefs with respect to future events and are based on information currently
available to management. Forward-looking statements involve significant known
and unknown risks, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to be materially different from any
future results, performance or achievements that may be expressed or implied by
such forward-looking statements including, without limitation, those listed
under the heading "Risk Factors" in the Company's Management Discussion and
Analysis, which is available on the Company's website and on SEDAR at
www.sedar.com. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements prove incorrect,
actual results, performance or achievements could vary materially from those
expressed or implied by the forward-looking statements contained in this
release. Although the forward-looking statements contained in this release are
based upon what the Company believes to be reasonable assumptions, the Company
cannot assure investors that actual results, performance or achievements will be
consistent with these forward-looking statements. These forward-looking
statements are made as of the date of this release and the Company does not
assume any obligation to update or revise them to reflect new events or
circumstances.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NexGen Financial Corporation
Abe Goenka
Interim Co-CEO
416.775.3723
agoenka@nexgenfinancial.ca

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