Canada NewsWire
TORONTO, Feb. 15, 2017
TORONTO, Feb. 15, 2017 /CNW/ - Trez Capital Mortgage
Investment Corporation (TSX:TZZ) (the "Company") announced today that it has taken up and paid for 4,216,867 Class A
Shares ("Shares") at a price of $8.30 per Share under the Company's previously announced
substantial issuer bid (the "Offer") to repurchase for cancellation up to $35,000,000 of its
Shares. The Shares purchased under the Offer represent approximately 25.56% of the Shares outstanding as at January 10, 2017. After giving effect to the repurchase, the number of issued and outstanding Shares is
12,283,371. The Company will provide information regarding the book value per share in connection with the release of its 2016
annual financial statements, expected in March 2017.
A total of 4,778,376 Shares were properly tendered to the Offer and not withdrawn. As the Offer was oversubscribed,
successfully tendering shareholders will have 88.227666% of their successfully tendered Shares purchased by the Company, other
than "odd lot" tenders, which are not subject to proration.
Payment for the purchased Shares will be effected by Computershare Investor Services Inc. (the "Depositary") in
accordance with the Offer and applicable law on or about February 17, 2017. Any Shares tendered and
not purchased will be returned to shareholders promptly by the Depositary.
About the Company
The Company holds a diversified portfolio of mortgages in Canada. 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
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