TORONTO, Dec. 13, 2013 /CNW/ - Trez Capital Mortgage Investment
Corporation (TSX:TZZ) (the "Corporation") announced today that the time
period for submitting requests to redeem Class A shares has closed. As
of the specified deadline, the Corporation had received requests from
shareholders to redeem, in aggregate, 10,604,810 Class A shares
representing 46.1% of the total number of Class A shares currently
outstanding. As the maximum percentage of shares which can be redeemed
under the Corporation's articles is limited to 15%, a proportionate
amount of each shareholder's redemption request will be processed at
the net asset value per share on December 31, 2013 and paid out on or
about January 15, 2014. The redemption price will be published by the
Corporation when it is determined and the redemption will be paid out
of funds previously allocated for this purpose.
About the Company
The Company's objective is to acquire and maintain a diversified
portfolio of mortgages in Canada that preserves capital and generates
attractive returns in order to pay monthly distributions to its
shareholders. The Company accomplishes its investment objectives
through prudent investments in mortgages 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 Junior Mortgage Investment Corporation
Michael J.R. Nisker
President & Chief Executive Officer
Trez Capital Mortgage Investment Corporation
Tel: (416) 350-1299
E-mail: MichaelN@trezcapital.com
Karyn Phuong
Vice President, Investor Relations
Trez Capital
Tel: (647) 788-1788
E-mail: KarynP@trezcapital.com
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