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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

Post by ArbProfiton Dec 12, 2016 9:35pm
267 Views
Post# 25589482

Return of Capital

Return of CapitalThere should be some news soon about the next return of capital for TZS.  It will almost certainly be another cash distribution.  The MIC is now holding approx $40M in loans, so it's small enough that it could be sold in its entirety to one, or a few buyers.  That would be the best case scenario. If not, we'll continue the long wind-up process.  Not exciting, but should be profitable.
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