TORONTO, ONTARIO--(Marketwired - Aug 20, 2013) - (ERM.TO) Eclipse Residential Mortgage Investment Corporation ("Eclipse") announces its initial monthly dividend in the amount of $0.05 per Class A Share payable on September 13, 2013 to Class A shareholders of record at the close of business on August 30, 2013.
Eclipse was formed to take advantage of attractive investment opportunities in the Single Family Residential Mortgage market. Eclipse's investment objectives are to preserve capital and generate income. Eclipse seeks to achieve these objectives by investing in a diversified Single Family Residential Mortgage portfolio which includes liquid underlying properties and shorter term mortgages (providing investors with protection against rising interest rates). MCAP, the mortgage consultant and servicer to Eclipse, believes that Single Family Residential Mortgages are the most conservative, the most liquid and largest of all the asset classes in the Canadian mortgage market.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. 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 email@example.com or visit our website at www.bromptongroup.com.
About MCAP Financial Corporation:
One of Canada's largest non-bank mortgage lenders, MCAP Financial Corporation originates and services all mortgages for Eclipse Residential MIC. MCAP has more than 20 years of experience underwriting and servicing Canadian Single Family Residential Mortgages, with over $36 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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 news 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.
- Company Earnings
- Stocks & Offerings