CST: 02/07/2016 04:33:25   

Trez Capital Mortgage Investment Corporation Receives Requisition

144 Days ago

TORONTO, ONTARIO--(Marketwired - Feb 8, 2016) - Special Committee of the Board of Directors (the "Special Committee") of Trez Capital Mortgage Investment Corporation (the "Company" or "Trez") (TSX:TZZ) announces that the board of directors (the "Board") received a shareholder requisition on February 8, 2016 requesting that the Company's directors call a special meeting of the Company's shareholders for the purpose of (i) reconstituting the Board with three new independent directors, and (ii) voting on a special resolution to wind-up the Company.

The shareholder group making the requisition, namely FrontFour Capital Group LLC, FrontFour Capital Corp., Concerned MIC Shareholders GP Inc., Performance Income Inc. and Windsor Private Capital Inc., as managers and/or general partners of certain funds and limited partnerships (collectively the "Shareholder Group"), claim that they own directly or indirectly approximately 7% of the outstanding Class A common shares of the Company.

The Special Committee is reviewing and considering the requisition with its professional advisors. It will respond appropriately in due course as provided under applicable law, at which time further disclosure will be forthcoming. In the meantime, there is no need for shareholders of the Company to take any action.

The Special Committee has been working continuously since its appointment, to seek ways to enhance value for all shareholders including specifically to address the trading discount attributable to the Company's shares. The Special Committee is analyzing multiple alternatives in its deliberations. The matters currently under consideration by the Special Committee include, among others, the matters raised by the Shareholder Group in its press release.

Trez Capital Mortgage Investment Corporation
Gary Samuel
Chair of the Special Committee
(416) 903-0057
garymsamuel@gmail.com