Eclipse Residential Mortgage Investment Corporation
TSX : ERM

Eclipse Residential Mortgage Investment Corporation

January 05, 2015 11:11 ET

Eclipse Residential Mortgage Investment Corporation Announces Details of Annual Redemption

TORONTO, ONTARIO--(Marketwired - Jan. 5, 2015) - Eclipse Residential Mortgage Investment Corporation ("Eclipse") (TSX:ERM) reports that each shareholder who submitted Class A Shares for redemption on December 30, 2014 will receive 41.4% of their total shares submitted for redemption in cash. The Class A Share redemption payment will be made on January 15, 2015, and on or about that time, Class A shares submitted but not redeemed (due to the proration) will be returned to client accounts.

About Brompton Funds

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2.2 billion in assets under management. Brompton's investment solutions include TSX listed closed-end funds, mutual funds, hedge funds and flow-through limited partnerships. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.

About MCAP Financial Corporation

One of Canada's largest non-bank mortgage lenders, MCAP Financial Corporation originates and services all mortgages for Eclipse Residential MIC. MCAP has more than 20 years of experience underwriting and servicing Canadian Single Family Residential Mortgages, with over $45 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other eligible alternative market (an "exchange"). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about Eclipse. You can find more detailed information about Eclipse in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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