Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Trez Capital Mortgage Investment Corporation Announces January 2013 Distribution

Trez Capital Mortgage Investment Corporation Announces January 2013 Distribution

VANCOUVER, Jan. 18, 2013 /CNW/ - Trez Capital Mortgage Investment Corporation (the "Company") announced today that its board of directors has declared a monthly distribution of $0.0583 per Class A share of the Company.  The distribution will be paid on February 15, 2013 to holders of Class A shares of record on January 31, 2013.  As of January 18, 2013, there were 23,000,000 Class A shares outstanding.

About the Company

The objectives of the Company are to acquire and maintain a diversified portfolio of mortgages on real property in Canada that preserves capital and generates attractive returns in order to permit the Company to pay monthly distributions to its shareholders.  The amount of the monthly distributions is approximately $0.0583 per Class A Share ($0.70 per annum) representing an annual cash distribution of 7.0% based on the $10 issue price of the Class A Shares.  The Company seeks to accomplish its investment objectives through prudent investments in mortgages on real property in Canada to qualified real estate investors and developers, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders.  Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company.

SOURCE: Trez Capital Mortgage Investment Corporation

Mr. Michael J.R. Nisker
President & Chief Executive Officer
Trez Capital Mortgage Investment Corporation
Tel:  (416) 350-1299
E-mail:  MichaelN@trezcapital.com.



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today