Builders Capital Mortgage Corp. Announces Class A Non-Voting Share Redemptions
CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) — 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 Officer
Telephone: (403) 685-9888
Builders Capital Mortgage Corp.
Suite 405, 1210 – 8th Street SW
Calgary, Alberta T2R 1L3
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