Trez Capital Mortgage Investment Corporation Resumes Normal Course Issuer Bid and Enters Into Automatic Share Purchase Plan

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Trez Capital Mortgage Investment Corporation Resumes Normal Course Issuer Bid and Enters Into Automatic Share Purchase Plan

Canada NewsWire

TORONTO, Sept. 30, 2016 /CNW/ - Trez Capital Mortgage Investment Corporation (TSX:TZZ) (the "Company") announced today that it intends to resume purchases of its Class A shares ("Shares") under its previously announced normal course issuer bid (the "NCIB") and has entered into an automatic share purchase plan with a broker in order to facilitate such purchases.

On May 17, 2016, the Company announced that it had received approval from the Toronto Stock Exchange (the "TSX") to purchase up to 1,808,610 of its issued and outstanding Shares under the NCIB, representing approximately 10% of its public float of Shares as at May 10, 2016. The NCIB commenced on May 19, 2016 and will expire on May 18, 2017, or such earlier date as the Company completes its purchases pursuant to the NCIB.

The Company anticipates using the automatic share purchase plan during the course of its NCIB to enable purchases of its Shares when the Company ordinarily would not be active in the market due to trading blackout periods, insider trading rules or otherwise. Purchases will be made by the Company's broker based upon the parameters prescribed by the TSX, applicable Canadian securities laws and the terms of the parties' written agreement. The automatic share purchase plan has been approved by the TSX and will be implemented effective as of September 30, 2016.

As of the date hereof, the Company has purchased 471,336 Shares under the NCIB, all of which have been purchased for cancellation.

About the Company

The Company holds a portfolio of mortgages in Canada and is currently undergoing an orderly wind-up. 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 NCIB, or otherwise.

SOURCE Trez Capital Junior Mortgage Investment Corporation

Copyright CNW Group 2016

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).