Trez Capital Senior Mortgage Investment Corporation

Trez Capital Senior Mortgage Investment Corporation

September 06, 2016 17:00 ET

Trez Capital Senior Mortgage Investment Corporation Announces Special Distribution

TORONTO, ONTARIO--(Marketwired - Sept. 6, 2016) - Trez Capital Senior Mortgage Investment Corporation (TSX:TZS) (the "Company") announced today that its board of directors has declared a special distribution of $1.981 per Class A share of the Company. The special distribution, which constitutes a return of capital pursuant to the winding-up of the Company's business as approved by Shareholders on June 16, 2016, will be paid on October 15, 2016 to holders of Class A shares of record on September 3, 2016. The Special Distribution is in addition to the Company's monthly distributions (also constituted as returns of capital), which the Company intends to continue until further notice. As of September 3, 2016, there were 7,570,456 Class A shares outstanding.

Effective immediately, the Company will cease purchases under its normal course issuer bid. To date, 22,513 Class A shares have been purchased for cancellation under the normal course issuer bid.

About the Company

The Company holds a diversified portfolio of mortgages in Canada. Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company. On June 16, 2016 the Shareholders of the Company approved the orderly wind-up of the Company. Under the orderly wind-up plan the Company will distribute the net proceeds through special distributions, the repurchase of shares pursuant to the normal course issuer bid, or otherwise.

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