VANCOUVER, Sept. 7, 2012 /CNW/ - Trez Capital Mortgage Investment
Corporation (the "Company") (TSX:TZZ) announced today that it has
completed its second public offering of 11,500,000 Class A Shares,
which included the exercise in full of the over-allotment option, for
gross proceeds of $115,000,000. The Class A Shares were offered to the
public by a syndicated of agents co-led by RBC Dominion Securities Inc.
and CIBC World Markets Inc. and also including Canaccord Genuity Corp.,
BMO Nesbitt Burns Inc., Raymond James Ltd., Scotia Capital Inc., GMP
Securities L.P., Macquarie Private Wealth Inc., Manulife Securities
Incorporated, National Bank Financial Inc., TD Securities Inc.,
Desjardins Securities Inc. and Mackie Research Capital Corporation.
Together with its recently completed initial public offering, the
Company has raised $230 million in capital within a 3 month period.
Both offerings were over-subscribed.
The objectives of the Company are to acquire and maintain a diversified
portfolio of 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 is approximately $0.0583 per Class A Share
($0.70 per annum) representing an annual cash distribution of 7.0%
based on the $10 issue price of the Class A Shares. The Company seeks
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.
SOURCE: Trez Capital Mortgage Investment Corporation
For further information:
Mr. Michael J.R. Nisker
President & Chief Executive Officer
Trez Capital Mortgage Investment Corporation
Tel: (416) 350-1299