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  • February 18, 2025
Olympia Financial Group Inc. announces acquisition of investment accounts from Canadian Western Trust

Olympia Financial Group Inc. announces acquisition of investment accounts from Canadian Western Trust

Olympia Financial Group Inc. announces acquisition of investment accounts from Canadian Western Trust

Calgary, Alberta–(Newsfile Corp. – Dec 2, 2024) – Olympia Financial Group Inc. (TSX:OLY) (“Olympia“) is pleased to announce that Olympia Trust Company (“Trust Olympia“) has entered into an asset purchase agreement pursuant to which Olympia Trust will purchase for $1.7 million in cash approximately 3,400 self-directed, non-registered and registered investment accounts currently managed by Canadian Western Trust Company (the “Transaction“).

The transaction is expected to close on January 1, 2025.

About Olympia Financial Group Inc.

Olympia conducts the majority of its business through its subsidiary Olympia Trust, a non-depository trust company. Olympia Trust is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust manages self-directed, registered and non-registered investment accounts, and provides trust and transfer agency services to corporations. Olympia also offers currency exchange and global payment services through its subsidiary Olympia Valuta and Global Payments Inc., and offers private health plans and information technology services to exempt market traders, registrants and issuers through its subsidiary Olympia Benefits Inc.

Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

For more information please contact:

Statements Regarding Forward-Looking Information

Certain portions of this press release and other public statements made by Olympia contain “forward-looking information” within the meaning of applicable Canadian securities legislation, also referred to as “forward-looking statements”, which may not be based on historical fact. Whenever possible, words such as ‘will’, ‘plan’, ‘expect’, ‘goals’, ‘continue’, ‘estimate’, ‘planned’, ‘anticipates’, ‘believes’, ‘intends’, ‘may ‘, and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved have been used to identify forward-looking information . Forward-looking statements in Olympia’s public announcement include, without limitation, Olympia’s earnings expectations, fee income, expense levels, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition , technological changes, changes in government regulations, unexpected legal or regulatory proceedings, catastrophic events and Olympia’s ability to complete strategic transactions and other factors. In addition, this press release contains forward-looking statements with respect to: (a) the terms and conditions of the Transaction; (b) whether the Transaction will be completed; and (c) whether the Transaction has been completed and, if completed, the date on which the Transaction was completed;

All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of current interest rate and liquidity conditions affecting Olympia and the Canadian economy. Certain material factors or assumptions are used by Olympia in making forward-looking statements, including but not limited to factors and assumptions regarding interest rates and exchange rates, availability of key personnel, the effect of competition, government regulation of its operations, computer failures or security. breaches, future capital requirements, market acceptance of its products, its operating cost structure, current tax regime and Olympia’s ability to obtain necessary third party and government approvals, if applicable.

To view the source version of this press release, please visit