Trez Capital Announces Unitholder Approval of Reorganization of Trez Capital Yield Trust US at the Special Meeting of Unitholders held on December 9, 2016

VANCOUVER, Dec. 19, 2016 /CNW/ - Trez Capital ("Trez") is pleased to announce that the unitholders (the "Unitholders") of Trez Capital Yield Trust US ("TCYT US") have voted in favour of all resolutions put to unitholders at the Special Meeting of Unitholders held on December 9, 2016 and to become effective January 1, 2017.

Firstly, Unitholders approved a reorganization of TCYT US resulting in the holders of units denominated in Canadian dollars holding their investment in a newly settled trust (the "CAD Trust"). The holders of units denominated in US dollars will continue to hold their investment in TCYT US following the reorganization.

Additionally, the Unitholders approved a change to the redemption price of the units of TCYT US such that they will be redeemable at 99% of book value for the first year following subscription and thereafter at 100% of book value. The units of the CAD Trust will have identical redemption rights. For greater certainty, this change is only applicable to new units being subscribed for in the trusts and does not impact the rights ascribed to existing Unitholders' investments.

Both trusts will continue to share the same manager, trustee and investment objectives following the reorganization. Trez anticipates that the reorganization will result in several benefits for TCYT US and the Unitholders, as more specifically set out in the information circular of TCYT US dated November 10, 2016.

About Trez Capital

Trez Capital is one of Canada's largest private commercial mortgage lenders and provides mid-market property developers and owners with quick approvals on flexible short to mid-term bridge financing. Trez has provided innovative financing for commercial properties in major centres throughout Canada and selected US markets since 1997. With offices in Vancouver, BC, Toronto, ON, Dallas, TX, and Boynton Beach, FL, Trez manages a mortgage and investment portfolio of more than $2 billion.

Forward-Looking Statements

This press release contains forward-looking information pertaining to TCYT US and the CAD Trust. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the ability of Trez Capital Fund Management LP (the "Manager") to acquire and maintain a portfolio capable of generating the necessary annual yield or returns to enable TCYT US and the CAD Trust to achieve their investment objectives, the ability of the Manager to establish and maintain relationships and agreements with key financial partners, the maintenance of prevailing interest rates at favourable levels, the ability of borrowers to service their obligations under the mortgages, the ability of the Manager to effectively perform its obligations to TCYT US and the CAD Trust, anticipated costs and expenses, competition, and changes in general economic conditions. TCYT US and the CAD Trust specifically disclaim any obligation to update these forward-looking statements, except as required by applicable law. Readers should not place undue reliance on forward-looking statements.

SOURCE Trez Capital

Adam Garvin, Vice President, Investor Services, Trez Capital, Tel: [phone], E-Mail: [email protected]