TORONTO, May 09, 2018 (GLOBE NEWSWIRE) — (TSX:ERM) Eclipse Residential Mortgage Investment Corporation (“Eclipse” or the “Corporation”) reports that it has increased the limit for its credit facility from $10 million to $15 million. The Corporation’s investment objectives are to acquire and maintain a diversified mortgage portfolio, primarily composed of interests in single-family residential mortgages, that seeks to preserve capital and generate income to pay monthly dividends. Eclipse primarily uses the credit facility to invest in mortgage investments to enhance income. The increase in the credit facility is expected to be initially invested in insured mortgages with terms less than 1 year. Following the deployment of the increase in the credit facility, the Corporation will have approximately 29% of its portfolio invested in insured mortgages. As mortgages mature and the market evolves, the mortgage portfolio is expected to be adjusted based on opportunities available to Eclipse.