TORONTO, Nov. 16, 2017 /CNW/ - Trez Capital Mortgage Investment Corporation (TSX:TZZ) (the "Company") announced today that its board of directors has declared a distribution of $0.0583 per Class A share of the Company. The distribution, which constitutes a return of capital, will be paid on December 15, 2017 to holders of Class A shares of record on November 30, 2017. As of November 16, 2017, there were 11,931,091 Class A shares outstanding. The Company intends to continue with similar monthly distributions until further notice.
About the Company
Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to 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: Karyn Phuong, Vice President, Investor Relations, Trez Capital, Tel: 647-788-1788, Email: KarynP@trezcapital.com
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 variety of opportunistic, fully-secured, high-yield mortgage investment funds and like investment assets.We have built a...