Finance of America Issues Statement on the Sale of Incenter’s Title Insurance Business
06 Julho 2023 - 8:00AM
Business Wire
Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the
“Company”), a modern retirement solutions platform, issued the
following statement today from FOA Chief Executive Officer Graham
A. Fleming regarding the closing of the previously announced sale
of the title insurance business of Incenter, an FOA subsidiary, to
a wholly owned subsidiary of Essent Group Ltd. (NYSE: ESNT) (such
transaction, “the Incenter Transaction”):
"The completion of this transaction marks
another important step in the execution of Finance of America’s
long-term growth strategy designed to help Americans achieve their
retirement goals through the use of home equity.”
About Finance of America
Finance of America (NYSE: FOA) is a modern retirement solutions
platform that provides customers with access to an innovative range
of retirement offerings centered on the home, including reverse
mortgages and home improvement loans as well as home-sharing
services. In addition, FOA offers capital markets and portfolio
management capabilities to optimize distribution to investors. FOA
is headquartered in Plano, Texas. For more information, please
visit www.financeofamerica.com.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including with respect to the Company’s expectations
regarding the Incenter Transaction. Forward-looking statements are
not historical facts or statements of current conditions, but
instead represent only management’s beliefs regarding future
events, many of which, by their nature, are inherently uncertain
and outside of the Company’s control. These statements are subject
to risks, uncertainties, assumptions, and other important factors.
Factors that could cause the Company’s actual results to differ
materially from those expressed or implied in such forward-looking
statements can be found in the section entitled “Risk Factors”
included in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, filed with the SEC on March 16, 2023, as
such factors may be amended and updated from time to time in the
Company’s subsequent periodic filings with the SEC, which are
accessible on the SEC’s website at www.sec.gov. Readers are
cautioned not to put undue reliance on such forward-looking
statements because actual results may vary materially from those
expressed or implied. The Company assumes no obligation to, and
expressly disclaims any obligation to, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230706912465/en/
For Finance of America Media Relations: pr@financeofamerica.com
For Finance of America Investor Relations:
ir@financeofamerica.com
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