Eclipse Residential Mortgage Investment Corporation Announces Dividends

TORONTO, ONTARIO--(Marketwired - April 20, 2016) - Eclipse Residential Mortgage Investment Corporation (TSX:ERM) ("Eclipse") announces monthly dividends in the amount of $0.05417 per Class A Share for record dates from April to June 2016.

Record Date	Payment Date
April 29, 2016	May 13, 2016
May 31, 2016	June 14, 2016
June 30, 2016	July 15, 2016

The current distribution amounts to 7.0% per annum based on the closing price on the Toronto Stock Exchange on April 18, 2016. Since inception to March 31, 2016, Eclipse has paid cash distributions of $1.65 per share and has generated an annual compound return of 9.3%, which exceeds its benchmark, the DEX Short Term Bond Index, by 8.2% per annum⁽¹⁾. Eclipse offers a distribution reinvestment plan (DRIP) which provides investors with the ability to automatically reinvest distributions and realize the benefit of compound growth. Shareholders can enroll in the DRIP program by contacting their investment advisor.

About Brompton Funds

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $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 mortgage financing companies, MCAP Financial Corporation originates and services all mortgages for Eclipse. MCAP has more than 20 years of experience underwriting and servicing Canadian Single Family Residential Mortgages, with over $50 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.

⁽¹⁾ Please see www.bromptongroup.com for returns for all periods.

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 alternative Canadian trading system (an "exchange"). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares 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. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to Eclipse, to the future outlook of Eclipse and anticipated events or results and may include statements regarding the future financial performance of Eclipse. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.