Builders Capital Mortgage Corp. Announces Class A Non-Voting Share Redemptions
November 30 2018 - 12:07PM
Builders Capital Mortgage Corp. (TSXV: BCF) (“Builders Capital”)
today announced that, in accordance with its share terms, which
allow for once per year share redemptions, it has received share
redemption requests for a total of 1,200 Class A Non-Voting shares.
The redemption amount of $10,920.00, being 95% of the October 31,
2018 Net Asset Value per share, will be paid on November 30, 2018.
Sandy Loutitt, CEO stated, “The redemption feature in our share
terms is intended to create a floor for our share price as well as
to provide liquidity for our investors. We’re happy that the
mechanism put in place to create additional liquidity is
effective.”
For further information, please
contact:
John Strangway, Chief Financial
OfficerTelephone: (403) 685-9888
Builders Capital Mortgage Corp.Suite 405, 1210 –
8th Street SWCalgary, Alberta T2R 1L3
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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