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GMP shareholders approve sale of capital markets business

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GMP shareholders approve sale of capital markets business

Shareholders of GMP Capital Inc., at the company's special shareholder meeting, approved the sale of the company's capital markets business to Stifel Financial Corp.

The shareholders also approved the special resolution that authorizes a cut in the stated capital of the common shares by 27.5 cents per share, to permit a special distribution of equal amount to be paid to common shareholders, subject to the completion of the sale transaction.