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GMP Capital Announces Completion of Sale of Capital Markets Business to Stifel

GMP CAPITAL INC. COMPLETES SALE OF CAPITAL MARKETS BUSINESS TO STIFEL FINANCIAL CORP.

• Marks the first step toward transforming GMP into a publicly traded pure-play wealth management firm
• Board of directors declares a one-time return of capital distribution in the amount of $0.275 per common share, previously approved by GMP’s common  shareholders on August 6, 2019
• GMP remains in discussions with Richardson Financial Group Limited to consolidate 100% of the ownership of Richardson GMP Limited

Toronto, December 6, 2019 - GMP Capital Inc. (GMP or the Company) (TSX: GMP) announced today that it has completed the sale of substantially all of its capital markets business to Stifel Financial Corp. (Stifel or the Purchasers) as previously announced on June 17, 2019 (the Sale Transaction).



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