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Standard Merchantile Acquisition Corp Cl A T.TZS

Trez Capital Senior Mortgage Investment Corp engages in the mortgage brokerage and investment management business. It focuses on residential and commercial short-term bridge financing. The company offers private and institutional investors opportunities to participate in high yield mortgage investment funds and individually managed portfolios. The company provides the commercial real estate developers with short-term financing on projects. Its portfolio includes residential, retail, and industri


TSX:TZS - Post by User

Comment by machinedreamon Sep 07, 2016 11:13pm
117 Views
Post# 25216413

RE:Anybody watching this?

RE:Anybody watching this?
I'm watching, but don't fully understand.

I looks to me like the company to slowly selling their mortgage assets, then distributing them to shareholders in the form of special dividends.  (And also, for the time being, paying a regular monthly dividend.)
The key question is how long will the wind up take? And what is the NAV of assets? (more than $8.30?)

May need to look through the financials statements.
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