TORONTO, Aug. 21, 2018 /CNW/ - Trez Capital Mortgage Investment Corporation (TSX: TZZ) (the "Company") announced today that the Board of Directors has formed a special committee of independent and disinterested directors, consisting of Mr. Gary Samuel and Mr. Steve Pustil, to consider certain non-binding acquisition proposals which have been received by the Company. Mr. Samuel will Chair the committee.
The Board cautions the Company's shareholders and others considering trading in its securities that the Special Committee is reviewing the aforementioned acquisition proposals and no decisions have been made with respect to the Company's response to the proposals. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transactions, except as required under applicable law.
About the Company
On June 16, 2016 the Shareholders of the Company approved the orderly wind-up of the Company. Under the orderly wind-up plan the Company will distribute the net proceeds through special distributions, the repurchase of shares pursuant to the normal course issuer bid, or otherwise.
SOURCE Trez Capital
For further information: Alexander Manson, Chief Executive Officer, Trez Capital, Tel: (604) 630-0775, E-mail: [email protected]
Trez Capital is one of Canada’s largest private commercial mortgage lenders. We provide mid-market property developers and owners with quick approvals on flexible short to mid term financing. We also offer private and institutional investors strategies to invest in a...