Eclipse Residential Mortgage Investment Corporation
TSX : ERM

Eclipse Residential Mortgage Investment Corporation

July 17, 2014 10:00 ET

Eclipse Residential Mortgage Investment Corporation Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - July 17, 2014) - (TSX:ERM) Eclipse Residential Mortgage Investment Corporation (the "Company") has renewed its normal course issuer bid to purchase up to 330,800 class A shares (the "Shares") of the Company representing approximately 10% of the public float of 3,308,200 Shares. The Company may purchase up to 75,340 Shares in any 30 day period which is 2% of the 3,767,000 issued and outstanding Shares at July 10, 2014.

As of July 10, 2014, the Company had purchased 303,000 Shares under its current bid at an average price of $8.29 per Share.

The Shares may be purchased for cancellation from July 21, 2014 to July 20, 2015 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Share not exceeding the last published net asset value per Share. The Company believes that such purchases are in its best interest and are a desirable use of its available funds.

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 $43 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Company's publicly filed documents which are available from SEDAR at www.sedar.com. 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 Company and anticipated events or results and may include statements regarding the future financial performance of the Company. 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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