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Press release from CNW Group

Trez Capital Mortgage Investment Corporation Raises $115 Million in Second Offering

Friday, September 07, 2012

Trez Capital Mortgage Investment Corporation Raises $115 Million in Second Offering08:22 EDT Friday, September 07, 2012VANCOUVER, Sept. 7, 2012 /CNW/ - Trez Capital Mortgage Investment Corporation (the "Company") (TSX:TZZ) announced today that it has completed its second public offering of 11,500,000 Class A Shares, which included the exercise in full of the over-allotment option, for gross proceeds of $115,000,000.  The Class A Shares were offered to the public by a syndicated of agents co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc. and also including Canaccord Genuity Corp., BMO Nesbitt Burns Inc., Raymond James Ltd., Scotia Capital Inc., GMP Securities L.P., Macquarie Private Wealth Inc., Manulife Securities Incorporated, National Bank Financial Inc., TD Securities Inc., Desjardins Securities Inc. and Mackie Research Capital Corporation.  Together with its recently completed initial public offering, the Company has raised $230 million in capital within a 3 month period. Both offerings were over-subscribed.The objectives of the Company are to acquire and maintain a diversified portfolio of mortgages on real property in Canada that preserves capital and generates attractive returns in order to permit the Company to pay monthly distributions to its shareholders.  The initial amount of the monthly distributions is approximately $0.0583 per Class A Share ($0.70 per annum) representing an annual cash distribution of 7.0% based on the $10 issue price of the Class A Shares.  The Company seeks to accomplish its investment objectives through prudent investments in mortgages on real property in Canada to qualified real estate investors and developers, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders.  Trez Capital Fund Management Limited Partnership is the manager of and portfolio advisor to the Company.SOURCE: Trez Capital Mortgage Investment CorporationFor further information: Mr. Michael J.R. Nisker President & Chief Executive Officer Trez Capital Mortgage Investment Corporation Tel:  (416) 350-1299 E-mail:  MichaelN@trezcapital.com.