NexGen Financial Announces Second Quarter 2013 Results

NexGen Financial Corporation ("NexGen" or "the Company"), (TSX VENTURE:NFX)
today announced its unaudited financial results for the quarter ended June 30,
2013. 


Q2 2013 Highlights 



--  Assets under management(1) ("AUM") increased 2% to $965.2 million at
    June 30, 2013, from $947.5 million at June 30, 2012. 
--  Net sales were negative $32.2 million and AUM declined 6% for the second
    quarter of 2013 
--  Management and administration fee revenues were $3.5 million for the
    second quarter of 2013, a 7.7% increase from $3.2 million for the second
    quarter of 2012 
--  Operating EBITDA(2 ) improved to $0.32 million ($0.07 per share) for the
    second quarter of 2013, from $0.20 million ($0.04 per share) for the
    second quarter of 2012



NexGen reported a net loss of $0.28 million ($0.06 per share) for the three
months ended June 30, 2013, compared with a net loss of $0.27 million ($0.06 per
share) for the same period in the prior year. 


"We remain focused on broadening our product suite to appeal to a broader range
of investors. NexGen's new US Dividend Plus Funds launched in January 2013 and
sub advised by Ziegler Lotsoff of Chicago had assets of $37 million as at June
30th" said Laurie Munro, President and CEO of NexGen. 


Industry wide assets continued to rotate out of fixed income into more
aggressive asset classes. NexGen, like other fixed income focused asset
managers, has felt the impact of this move with negative net sales during the
quarter.


"In response to this industry trend, NexGen has recently launched two new funds.
The first being a Canadian Preferred Share Fund to be sub-advised by J Zechner
Associates and the second being a Global Equity Fund to be sub-advised by Toron
AMI International Asset Management. We believe more, better performing income
and equity products will be the key to rekindling asset growth" he added.


"In the interim, until the anticipated sales momentum rebuilds, management has
initiated a cost reduction program that targets $50,000 a month by October 1st,
2013. Cost reductions will be achieved through increased operating efficiencies
and a reduction in headcount" concluded Mr. Munro.


The Company's complete financial results are available at ir.nexgenfinancial.ca
and www.sedar.com. 


Notes:



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



Non-GAAP financial measures such as "Assets Under Management" or "AUM", and
"Operating EBITDA" 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
www.sedar.com. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NexGen Financial Corporation
Laurie Munro
President & CEO
416.775.3705
[e-mail]


NexGen Financial Corporation
Abe Goenka
CFO & COO
416.775.3723
[e-mail]