Trez Capital Senior Mortgage Investment Corporation Announces Its Intention to Commence a Normal Course Issuer Bid

TORONTO, Dec. 17, 2014 /CNW/ - (TSX: TZS) Trez Capital Senior Mortgage Investment Corporation (the "Company"), is pleased to announce its intention to commence a normal course issuer bid ("NCIB"), subject to the approval of the Toronto Stock Exchange (the "TSX").  The Company intends to consider purchasing, from time to time over a period of 12 months, up to an aggregate maximum of 754,406 Class A shares, representing approximately 10% of its issued and outstanding Class A shares and approximately 10% of the Company's "public float" (within the meaning of the rules of the TSX).

Purchases pursuant to the NCIB may commence through the TSX three trading days after the TSX accepts the Notice of Intention to Commence the NCIB. The NCIB will terminate twelve months thereafter or such earlier time as the NCIB is completed or terminated at the option of the Company. All purchases will be made through the facilities of the TSX at market prices and otherwise in accordance with the rules of the TSX. The maximum number of common shares that can be purchased on a daily basis by the Company is 2,589 Class A shares, subject to the block purchase exception. All Class A shares acquired under the NCIB will be subsequently cancelled.  The Company currently has 7,577,988 Class A shares issued and outstanding as of December 16, 2014.

The Board of Directors of the Company believes that, from time to time, the market price of the Company's Class A shares does not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Class A shares represents an appropriate use of the Company's financial resources and would be in the best interests of the Company's shareholders.

About the Company

The Company's objective is to acquire and maintain a diversified portfolio of first mortgages in Canada that preserves capital and generates attractive returns in order to pay monthly dividends to its shareholders. The Company pursues its investment objectives through prudent investments in first mortgages to qualified real estate investors and developers, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders. Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company.

Legal Notice Regarding Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the commencement of a normal course issuer bid,and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in market and general economic conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized. Furthermore, the forward-looking statements contained in this press release are made as at the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.trezcapital.com.

SOURCE: Trez Capital Senior Mortgage Investment Corporation

Karyn Phuong, Vice President, Investor Relations, Trez Capital, Tel: [phone], E-mail: [email protected]