Eclipse Residential Mortgage Investment Corporation Announces Distribution Reinvestment Plan
TORONTO, ONTARIO -- (Marketwired) -- 01/20/17 -- (TSX: ERM) Eclipse Residential Mortgage Investment Corporation ("Eclipse") is pleased to announce the reinstatement of its distribution reinvestment plan (the "DRIP"). As previously announced, the DRIP has been amended as a result of the transition of Eclipse from the Canadian securities regulatory regime for investment funds to the Canadian securities regulatory regime for reporting issuers that are not investment funds, which was effective January 4, 2017. Eligible holders of common shares (the "Shareholders") may elect to participate in the DRIP for common shares beginning with the January 31, 2017 record date.
The DRIP provides Shareholders with the ability to automatically reinvestment monthly dividends in additional common shares of Eclipse, commission free, and realize the benefits of compound growth. Shareholders can enroll in the DRIP by contacting their investment advisor.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2.0 billion in assets under management. Brompton's investment solutions include TSX traded funds, mutual funds and flow-through limited partnerships. 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 protected] or visit our website at www.bromptongroup.com.
About MCAP Financial Corporation
One of Canada's largest mortgage financing companies, MCAP Financial Corporation ("MCAP") originates and services all mortgages for Eclipse. MCAP has more than 20 years of experience underwriting and servicing Canadian Single Family Residential Mortgages, with over $60 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.
Contacts: Brompton's investor relations line 416-642-6000 (toll-free at 1-866-642-6001) [email protected] www.bromptongroup.com
Source: Eclipse Residential Mortgage Investment Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Palo Alto, Snowflake, and Chemours and Encourages Investors to Contact the Firm
- Bragar Eagel & Squire, P.C. Is Investigating CI&T, Harbor, AXTI, and Morgan Stanley and Encourages Investors to Contact the Firm
- Vaxxinity Issues Shareholder Letter
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!