Builders Capital Mortgage Corp.

Builders Capital Mortgage Corp.

October 22, 2015 14:44 ET

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

CALGARY, ALBERTA--(Marketwired - Oct. 22, 2015) - Builders Capital Mortgage Corp. (the "Company") (TSX VENTURE:BCF) today announced that, in accordance with its share terms, which allow for once per year share redemptions, it has received share redemption requests for a total of 101,500 Class A Non-Voting shares. The redemption amount of 95% of the October 31, 2015 Net Asset Value per share will be paid on November 30, 2015.

Sandy Loutitt, CEO stated, "the share terms were written with the intent of creating a floor for our share price as well as additional liquidity for our investors. We're happy to meet the liquidity needs of our shareholders and are pleased that the mechanism put in place to ensure this liquidity is effective."

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