Eclipse Residential Mortgage Investment Corporation
TSX : ERM

Eclipse Residential Mortgage Investment Corporation

October 21, 2014 16:24 ET

Eclipse Residential Mortgage Investment Corporation Dividend Announcement and Investment Update

TORONTO, ONTARIO--(Marketwired - Oct. 21, 2014) - Eclipse Residential Mortgage Investment Corporation (TSX:ERM) ("Eclipse") announces monthly dividends in the amount of $0.05 per Class A Share for record dates from October to December 2014.

Record Date Payment Date
October 31, 2014 November 14, 2014
November 28, 2014 December 12, 2014
December 31, 2014 January 15, 2015

Eclipse has achieved a compound total return on net asset value of 7.2% for the one year period ended September 30, 2014(1) and is currently earning income per share in excess of its dividend rate. This excess income is contributing to the growth in net asset value per share which has increased from $9.19 at December 31, 2013 to $9.31 as at October 16, 2014.

The current distribution rate represents an annual yield of 7% based on the closing market price on October 20, 2014. Shareholders are reminded that Eclipse offers a distribution reinvestment plan ("DRIP") which provides shareholders with the ability to automatically reinvest their dividends and realize the benefits of compound growth of their investment. Shareholders can enroll in the DRIP program by contacting their investment advisor.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. 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.

(1) 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 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. The indicated rate of return is the historical annual compounded total return including changes in share value and reinvestment of all distributions and does 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.

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