Guardian Capital Group Limited (TSX:GCG) (TSX:GCG.A) Announces 2011 Operating Results

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2012) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A)

Assets under management were $15.9 billion as at December 31, 2011 compared to $16.3 billion as at December 31, 2010. Assets under administration (AUA) were $8.7 billion as at December 31, 2011, compared to $7.8 billion as at December 31, 2010. The increase in AUA resulted substantially from the new life insurance MGA subsidiary.

Net earnings available for shareholders for the year 2011 were $16.5 million or $0.50 per share, diluted, compared to $17.0 million or $0.51 per share, diluted, for 2010.

Adjusted cash flow from operations available to shareholders for the year was $19.3 million or $0.59 per share, diluted, compared to $18.4 million or $0.55 per share, diluted for 2010.

The fair value of corporate holdings of securities as at December 31, 2011 was $364.2 million, or $11.17 per share, diluted, compared to $383.6 million, or $11.57 per share, diluted, as at December 31, 2010.

The Board of Directors has declared an "eligible" dividend of $0.17 per share, payable on March 16, 2012 to shareholders of record on March 9, 2012. This is an increase in the dividend from the $0.16 paid in 2011.

2012 marks the 50th year of operation for Guardian Capital Group Limited, a diversified financial services company founded in 1962. Guardian provides institutional and high net worth investment management services to clients; provides financial services to international investors; and provides services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network. Its Common and Class A shares are listed on The Toronto Stock Exchange.