CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - Builders Capital Mortgage Corp. (the "Corporation") (TSX VENTURE:BCF) announced today that its board of directors has declared a distribution of $0.0263 per Class A Non-Voting share of the Corporation. The distribution will be paid on January 31, 2014 to holders of Class A Non-Voting shares of record on January 10, 2014.
The amount of the distribution is equivalent to approximately $0.80 per Class A Non-Voting share per annum prorated for the 12 day period from the completion of its previously announced acquisition of certain portfolios of mortgages on December 19, 2013 and the fiscal year-end of the Corporation of December 31, 2013.
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. The words "expect", "anticipate", "believe", "estimate", "may", "will", "should", "intend", "forecast", "plan", and similar expressions are used to identify forward looking information. Specific forward-looking statements in this press release include information relating to payment of the distribution.
Readers are cautioned not to place undue reliance on forward-looking information. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties that contribute to the possibility that the predicted outcome will not occur, including some of which are beyond the Corporation's control. These assumptions and risks include, but are not limited to: risks associated with mortgage lending, dependence on the Corporation's manager, competition for mortgage lending, real estate values, interest rate fluctuations, environmental matters, the ability to access sufficient capital from internal and external sources and changes in applicable law. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. See the Corporation's final prospectus dated October 25, 2013, available on SEDAR at www.sedar.com, for further description of the risks and uncertainties associated with the Corporation's business. The Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.