Trez Capital Mortgage Investment Corporation Announces January 2013
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.
Mr. Michael J.R. Nisker President & Chief Executive Officer Trez Capital
Mortgage Investment Corporation Tel:(416) 350-1299
SOURCE: Trez Capital Mortgage Investment Corporation
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CO: Trez Capital Mortgage Investment Corporation
ST: British Columbia
NI: REL DIV
-0- Jan/18/2013 23:32 GMT
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