SASKATOON, March 9, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation"), a mortgage investment corporation, announced today that its Class A common shares have been approved for listing on the Canadian Securities Exchange ("CSE") and will commence trading on March 10, 2016 under the symbol PRI. PrimeWest believes that the listing on the CSE will enhance the share liquidity for the shareholders and assist the Corporation in raising additional capital, if and when needed.
About PrimeWest Mortgage Investment Corporation
PrimeWest is based in Saskatoon, Saskatchewan, and is a Mortgage Investment Corporation. PrimeWest is a reporting issuer in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
PrimeWest was incorporated as a Mortgage Investment Corporation in 2005. The Corporation has been successful in providing a consistent dividend return of 8% for Investors, paid 2% quarterly, and not missing or reducing dividend yield since incorporation.
PrimeWest's success has positioned it for growth, notwithstanding current economic conditions both regionally and nationally. The Corporation is confident the current business conditions are excellent to increase its shareholder investor base and expand its mortgage investments in the Prairie Provinces.
Visit our website: www.primewest.ca
SOURCE PrimeWest Mortgage Investment Corporation
For further information: Don Zealand, President & CEO, PrimeWest Mortgage Investment Corporation, Telephone No. (306) 292 7269, E-mail: [email protected]