17:52:50 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Eclipse Residential Mortgage Investment Corp
Symbol ERM
Shares Issued 3,103,183
Close 2019-04-23 C$ 9.48
Market Cap C$ 29,418,175
Recent Sedar Documents

Eclipse to pay 6.25-cent monthly dividend May 14

2019-04-23 16:49 ET - News Release

An anonymous director reports

ECLIPSE RESIDENTIAL MORTGAGE INVESTMENT CORPORATION ANNOUNCES DIVIDEND

Eclipse Residential Mortgage Investment Corp. will pay a monthly dividend in the amount of 6.25 cents per common share, payable on May 14, 2019, to common shareholders of record at the close of business on April 30, 2019.

As previously announced, on May 8, 2019, Eclipse will hold a special meeting of shareholders to consider and vote on a special resolution approving the sale of all or substantially all of the assets of Eclipse, the voluntary delisting of the common shares from the Toronto Stock Exchange and the distribution of the remaining net assets and voluntary dissolution of Eclipse. Should shareholders vote in favour of the proposed transaction, the proposed transaction is expected to be implemented in or about mid-May, 2019. As a result of the pending shareholder vote, the distribution reinvestment plan will be temporarily suspended in respect of the April 30, 2019, record date.

About MCAP Financial Corp.

One of Canada's largest mortgage financing companies, MCAP Financial Corp. and MCAP Service Corp. originate and service all mortgages for Eclipse. MCAP has more than 30 years of experience underwriting and servicing Canadian single family residential mortgages, with over $75-billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.

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