Business News • MarketWire • Special Committee of Trez Capital Mortgage Investment Corporation Clarifies Statements regarding Trez Capital Mortgage Investment Corporation |
Special Committee of Trez Capital Mortgage Investment Corporation Clarifies Statements regarding Trez Capital Mortgage Investment Corporation |
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Special Committee of Trez Capital Mortgage Investment Corporation Clarifies Statements regarding Trez Capital Mortgage Investment Corporation
TORONTO, ONTARIO--(Marketwired - March 9, 2016) - On September 28, 2015 the Board of Directors of Trez Capital Mortgage Investment Corporation (TSX:TZZ) (the "Company) established a Special Committee of independent directors (the "Special Committee") to consider alternatives to enhance value for its shareholders. The Special Committee was authorized to oversee a review process to be undertaken in response to concerns raised by shareholders regarding the discount of the Company's share trading price relative to its book value (the "Strategic Review Process"). As part of the Strategic Review Process, on February 18, 2016 the Special Committee announced that it was pursuing a monetization process (a "Monetization Process") and discussions were ongoing with third parties who had expressed an interest in a monetization transaction involving the Company and/or its assets. The Special Committee's Strategic Review Process is continuing.
View More : http://www.marketwired.com/mw/release.do?id=2104627&sourceType=3
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