Stock Name: TZZ
Amount: CAD 0.0583
Announcement Date: 20/09/2012
Record Date: 26/09/2012
Dividend Detail:
VANCOUVER, Sept. 20, 2012 /CNW/ - Trez Capital Mortgage Investment
Corporation (the "Company") announced today that its board of directors
has declared its second monthly distribution of $0.0583 per Class A
share of the Company.�� The distribution will be paid on October 15,
2012 to holders of Class A shares of record on September 28, 2012.�� As
of September 20, 2012, 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 initial 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
For further information:
Mr. Michael J.R. Nisker
President & Chief Executive Officer
Trez Capital Mortgage Investment Corporation
Tel:����(416) 350-1299
E-mail:����MichaelN@trezcapital.com.
No comments:
Post a Comment