TORONTO, April 23, 2019 (GLOBE NEWSWIRE) -- (TSX: ERM) Eclipse Residential Mortgage Investment Corporation (“Eclipse”) announces a monthly dividend in the amount of $0.0625 per common share (“Common Share”), payable on May 14, 2019 to common shareholders (the “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 (the “Proposed Transaction”). 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 Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton’s investment solutions include TSX traded funds and mutual funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.
About MCAP Financial Corporation
One of Canada’s largest mortgage financing companies, MCAP Financial Corporation and MCAP Service Corporation (collectively “MCAP”) 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.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to Eclipse, to the future outlook of Eclipse and anticipated events or results and may include statements regarding the future financial performance of Eclipse. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.