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Eclipse Residential Mortgage Investment Corporation Closes Sale of Mortgage Portfolio

May 15, 2019 By Globenewswire Tagged With: CA27890E2042, TSX:ERM

TORONTO, May 15, 2019 (GLOBE NEWSWIRE) — (TSX: ERM) Eclipse Residential Mortgage Investment Corporation (“Eclipse”) is pleased to announce that it has closed the sale (the “Asset Sale”) of its mortgage portfolio to YTM Capital Mortgage Income Fund as approved by holders (the “Shareholders”) of common shares (the “Common Shares”) at the special meeting of Shareholders held on May 8, 2019 (the “Meeting”).  Further to the approval provided at the Meeting, Common Shares of Eclipse are expected to be delisted from the Toronto Stock Exchange on May 23, 2019 (the “Delisting”).

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