NexGen Financial Announces First Quarter 2013 Results

TORONTO, May 21, 2013 /CNW/ - NexGen Financial Corporation ("NexGen" or "the 
Company"), (TSX-V: NFX) today announced its unaudited financial results for 
the quarter ended March 31, 2013. 
Q1 2013 Highlights 

    --  Assets under management(1) ("AUM") increased 8% to $1.03
        billion at March 31, 2013, from $948.6 million at March 31,
    --  Launched NexGen US Dividend Funds in January 2013 generating
        approximately $10 million sales during the first quarter
    --  Management and administration fee revenues were $3.5 million
        for the first quarter of 2013, a 3.2% increase from $3.4
        million for the first quarter of 2012
    --  Operating EBITDA(2) improved to $0.30 million ($0.06 per share)
        for the first quarter of 2013, from $0.26 million ($0.06 per
        share) for the first quarter of 2012

NexGen reported a net loss of $0.19 million ($0.04 per share) for the three 
months ended March 31, 2013, compared with a net loss of $0.18 million ($0.04 
per share) for the same period in the prior year.

"We continue to improve the financial results having reported positive Free 
Cash Flow for the quarter. In addition, we are broadening our product suite to 
appeal to a wider range of investors", said Laurie Munro, President & CEO of 
NexGen. "NexGen's new US Dividend Plus Funds launched January 2(nd) and 
sub-advised by Ziegler Lotsoff of Chicago had assets of $10.6 million as of 
March 31(st) and has been well received to date by financial advisors" he 

The Company's complete financial results are available at and


  1. Assets under management or "AUM" refers to the market value of net
     assets of the investment funds on which management fees are
     calculated. Industry data as reported by the Investment Funds

 Institute of Canada.
  2. Operating EBITDA defined by NexGen as earnings before interest, 
 taxes, depreciation and amortization, investment income and other 
 non-cash expenses.
  3. Free Cash Flow defined as Operating EBITDA less interest and 
 deferred sales commissions paid. 
Non-GAAP financial measures such as "Assets Under Management" or "AUM", 
"Operating EBITDA", and "Free Cash Flow" do not have any standardized meaning 
prescribed by International Financial Reporting Standards ("IFRS") and may not 
be comparable to similar measures presented by other companies. Readers are 
cautioned that these non-GAAP measures are not alternatives to measures 
determined in accordance with IFRS and should not, on their own, be construed 
as indicators of performance, cash flows, or profitability. However, 
management of NexGen believes that most shareholders, creditors and other 
stakeholders prefer to include the use of these financial measures in 
analyzing the Company's results. 
About NexGen Financial
NexGen Financial Corporation is a mutual fund company and was founded to 
develop value added investment solutions for financial advisors and their 
clients. The firm is focused on the creation of innovative investment products 
and services that meet the needs of Canadians seeking more tax efficient 
investment opportunities and greater control over the tax treatment of their 
investments. Managed by strong investment professionals, NexGen's unique 
Registered and Tax-Managed Fund offerings are well positioned as attractive 
investment opportunities for Canadians looking to alleviate the tax costs 
associated with traditional investment solutions. 
Forward Looking Statements 
This release may contain "forward-looking statements" which reflect the 
current expectations of the Company. These statements reflect management's 
current beliefs with respect to future events and are based on information 
currently available to management. Forward-looking statements involve 
significant known and unknown risks, uncertainties and assumptions. Many 
factors could cause actual results, performance or achievements to be 
materially different from any future results, performance or achievements that 
may be expressed or implied by such forward-looking statements including, 
without limitation, those listed under the heading "Risk Factors" in the 
Company's Management Discussion and Analysis, which is available on the 
Company's website and on SEDAR at Should one or more of these 
risks or uncertainties materialize, or should assumptions underlying the 
forward-looking statements prove incorrect, actual results, performance or 
achievements could vary materially from those expressed or implied by the 
forward-looking statements contained in this release. Although the 
forward-looking statements contained in this release are based upon what the 
Company believes to be reasonable assumptions, the Company cannot assure 
investors that actual results, performance or achievements will be consistent 
with these forward-looking statements. These forward-looking statements are 
made as of the date of this release and the Company does not assume any 
obligation to update or revise them to reflect new events or circumstances. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy of this release. 
Laurie Munro, President & CEO NexGen Financial Corporation 416.775.3705 
Abe Goenka, CFO & COO NexGen Financial Corporation 416.775.3723   
SOURCE: NexGen Financial Corporation 
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CO: NexGen Financial Corporation
ST: Ontario
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