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Eclipse Residential Mortgage Investment Corporation Approves Proposed Transaction

May 8, 2019 By Globenewswire Tagged With: TSX:ERM

TORONTO, May 08, 2019 (GLOBE NEWSWIRE) — (TSX: ERM)  Eclipse Residential Mortgage Investment Corporation (“Eclipse”) is pleased to announce that at a special meeting of holders (the “Shareholders”) of common shares (the “Common Shares”) held today, Shareholders approved a special resolution approving (i) the sale of all or substantially all of the assets of Eclipse (the “Asset Sale”), (ii) the voluntary delisting of the Common Shares from the Toronto Stock Exchange (the “TSX”) in relation thereto (the “Delisting”), (iii) the distribution of the remaining net assets of Eclipse (the “Return of Capital”), and (iv) the voluntary dissolution (the “Dissolution”) of Eclipse (collectively, the “Transaction”). The vote was conducted by ballot indicating support of 99.62% in favour of the special resolution relating to the Transaction. Accordingly, Eclipse anticipates that the closing of the Asset Sale will occur on or about May 15, 2019 and has submitted a formal application to the TSX to effect the Delisting, which is expected to take place on or about May 23, 2019.

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