Ms. Karyn Phuong reports
TREZ CAPITAL MORTGAGE INVESTMENT CORPORATION ANNOUNCES APRIL 2014 DIVIDEND
Trez Capital Mortgage Investment
Corp.'s board of
directors has declared a monthly dividend of 5.83 cents per Class A share
of the company. The dividend will be paid on May 15, 2014, to holders
of Class A shares of record on April 30, 2014. As of April 17, 2014,
there were 19,551,254 Class A shares outstanding. The amount of the
monthly dividends is equivalent to approximately 70 cents per Class A
share per annum. This represents a current yield of 8.1 per cent based on the
closing price of $8.62 of the Class A shares on April 16, 2014.
The company also offers a dividend reinvestment plan to
eligible holders of Class A shares, that provides eligible holders of
Class A shares of the corporation with a convenient means to purchase
additional Class A shares by reinvesting their cash dividends at a
potential discount to the current market price.
Shares for the reinvestment of dividends will be acquired in the open
market at prevailing market rates or, if lower than the current market
price, issued from treasury at the greater of net asset value per share
and 95 per cent of the average market price. Average market price is
defined in the plan to be the volume-weighted average trading price of
Class A shares on the Toronto Stock Exchange during the 10 trading days
ending on the third business day immediately prior to the dividend
payment date on which at least a board lot of Class A shares is traded.
Class A shares acquired under the plan will be automatically enrolled
in the plan. Beneficial shareholders who hold their Class A shares
through a broker, financial institution or other nominee must enroll
for dividend reinvestment through their nominee holder.
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