06:35:35 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Trez Capital Mortgage Investment Corp
Symbol TZZ
Shares Issued 18,765,018
Close 2016-09-30 C$ 7.91
Market Cap C$ 148,431,292
Recent Sedar Documents

Trez Capital Mortgage to resume share buyback

2016-09-30 17:41 ET - News Release

Ms. Karyn Phuong reports

TREZ CAPITAL MORTGAGE INVESTMENT CORPORATION RESUMES NORMAL COURSE ISSUER BID AND ENTERS INTO AUTOMATIC SHARE PURCHASE PLAN

Trez Capital Mortgage Investment Corp. intends to resume purchases of its Class A shares under its previously announced normal course issuer bid and has entered into an automatic share purchase plan with a broker to facilitate such purchases.

On May 17, 2016, the company announced that it had received approval from the Toronto Stock Exchange to purchase up to 1,808,610 of its issued and outstanding shares under the NCIB, representing approximately 10 per cent of its public float of shares as at May 10, 2016. The NCIB commenced on May 19, 2016, and will expire on May 18, 2017, or such earlier date as the company completes its purchases pursuant to the NCIB.

The company anticipates using the automatic share purchase plan during the course of its NCIB to enable purchases of its shares when the company ordinarily would not be active in the market due to trading blackout periods, insider trading rules or otherwise. Purchases will be made by the company's broker based upon the limits prescribed by the TSX, applicable Canadian securities laws and the terms of the parties' written agreement. The automatic share purchase plan has been approved by the TSX and will be implemented, effective Sept. 30, 2016.

As of the date hereof, the company has purchased 471,336 shares under the NCIB, all of which have been purchased for cancellation.

© 2024 Canjex Publishing Ltd. All rights reserved.