Eclipse Residential Mortgage Investment Corporation

Eclipse Residential Mortgage Investment Corporation

March 04, 2015 08:37 ET

Eclipse Residential Mortgage Investment Corporation Increases Dividend

TORONTO, ONTARIO--(Marketwired - March 4, 2015) - Eclipse Residential Mortgage Investment Corporation ("Eclipse") (TSX:ERM) is pleased to announce an 8.3% increase in the dividend rate to $0.05417 per Class A Share per month for record dates from April to June 2015.

Record Date Payment Date
April 30, 2015 May 14, 2015
May 29, 2015 June 12, 2015
June 30, 2015 July 15, 2015

Eclipse has achieved a compound total return on net asset value of 8.5% for the one year period ended February 26, 2015(1) and is currently earning income per share in excess of its dividend rate. This excess income has contributed to the growth in net asset value per share which has increased from $9.19 at December 31, 2013 to $9.40 as at February 26, 2015. As a result of this strong performance, the Fund is increasing its monthly dividend rate from $0.05 to $0.05417 per Class A Share. The new dividend rate represents an annual yield of 7.6% based on the closing market price on February 26, 2015.

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 or visit our website at

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 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 platform (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 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.

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 the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. 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.

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