Builders Capital Mortgage Corp.

Builders Capital Mortgage Corp.

December 18, 2015 16:38 ET

Builders Capital Mortgage Corp. Announces Class A Non-Voting Share Distribution

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2015) - Builders Capital Mortgage Corp. (the "Builders Capital" or "Company") (TSX VENTURE:BCF) announced today that its board of directors has declared a distribution of $0.2216 per Class A Non-Voting Share of the Company. The distribution will be paid on January 31, 2016 to holders of Class A Non-Voting Shares of record on December 31, 2015.

The amount of this quarterly distribution equates to an 8.8% annualized return on the original $10.00 share price. When added to the distributions declared for the previous three quarters of the year, it brings the Company's total annual distribution of 2015 income to Class A Non-Voting shareholders to $0.82 per share, or 8.2% on the original $10.00 issue price.

"We are very pleased to have exceeded our targeted 8% annual distribution rate," said Sandy Loutitt, President of Builders Capital.

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.

Contact Information

  • Builders Capital Mortgage Corp.
    John Strangway
    Chief Financial Officer
    (403) 685-9888

    Builders Capital Mortgage Corp.
    Suite 405, 1210 - 8th Street SW
    Calgary, Alberta T2R 1L3