Mr. Gary Samuel reports

TREZ CAPITAL SENIOR MORTGAGE INVESTMENT CORPORATION ANNOUNCES THE RETIREMENT OF MICHAEL J.R. NISKER, PRESIDENT AND CEO

Michael J.R. Nisker has submitted his resignation, effective Nov. 11, 2016, as president and chief executive officer of Trez Capital Senior Mortgage Investment Corp., due to a mutually agreed upon decision for him to retire from Trez Capital Fund Management Limited Partnership (the manager).

"The Trez Capital Senior Mortgage Investment Corp. board of directors is very grateful for the contribution Michael has made to the company since its inception," said Gary Samuel, chair of the investment committee of the board. "He has steered the company through a number of challenges, and he will be missed."

Effective Nov. 11, 2016, Sandy Manson, who is currently the company's chief financial officer, will assume the role of president and chief executive officer.

Effective Nov. 11, 2016, Greg Vorwaller will be appointed to the board, replacing Mr. Nisker as one of the manager's board nominees. Mr. Vorwaller is currently the president of the manager. Prior to joining the manager, he held a number of senior executive positions at prominent financial and real estate services firms, where he led and built businesses encompassing investment sales, mortgage brokerage and investment banking to market-leading positions. Most recently, he served as executive vice-president and global head of capital markets of Cushman & Wakefield, prior to which he served as the president and chief operating officer of CBRE's global capital markets business line.

"It has been a privilege to work with the outstanding team we have," said Mr. Nisker. "I look forward to working with the board during the transition period and am extremely confident that the company will complete its orderly windup in a manner that maximizes value for shareholders."