Trez Capital Senior Mortgage Investment Corporation Raises $85 Million in Initial Public Offering

VANCOUVER, Dec. 12, 2012 /CNW/ - Trez Capital Senior Mortgage Investment Corporation (the "Company") announced today that it has completed its initial public offering of 8,500,000 Class A Shares for gross proceeds of $85,000,000.  The Class A Shares were offered to the public by a syndicate of agents co-led by RBC Dominion Securities Inc., CIBC World Markets Inc. and Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Macquarie Private Wealth Inc., Raymond James Ltd., GMP Securities L.P., and Manulife Securities Incorporated.

The objectives of the Company are to acquire and maintain a diversified portfolio of first ranking mortgages on real property in Canada that preserves capital and generates attractive returns in order to permit the Company to pay monthly distributions to its shareholders.  The initial amount of the monthly distributions will be approximately $0.0417 per Class A Share ($0.50 per annum) representing an annual cash distribution of 5.0% based on the $10 issue price of the Class A Shares.  The Company will seek to accomplish its investment objectives through prudent investments in mortgages on real property in Canada to qualified real estate investors and developers, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders.  Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of the securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.  This press release contains forward-looking statements.  There can be no assurance that forward-looking statements will prove to be accurate, as actual results, performance and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE: Trez Capital Senior Mortgage Investment Corporation

For further information:

Mr. Michael J.R. Nisker
Managing Partner
Trez Capital Limited Partnership
Tel:  (416) 350-1299
E-mail:  MichaelN@trezcapital.com