TORONTO, July 17, 2019 /CNW/ – Trez Capital Mortgage Investment Corporation (TZZ: TSX) (the “Company”) announced today that it has applied and received approval for a voluntary delisting of its Class A shares from the Toronto Stock Exchange (TSX).
As previously announced on April 29, 2019, the Company was under a listing review to determine if the Company can continue to meet the continued listing requirements of the TSX. The Company has disposed of all its mortgage assets and is currently in the final wind-down period, and was not expected to meet such listing requirements. Consequently, effective at the close of markets on July 31, 2019, the Company’s shares will no longer be traded on the TSX. Anyone wishing to trade Class A shares following delisting should contact their broker.
Upon delisting from TSX, the Company intends to file an application for an order that it has ceased to be a reporting issuer. The order, if granted, is expected to permit the Company to make minimal disclosure to shareholders by press release each quarter. Such disclosure is not expected to include interim financial statements or management discussion and analyses. Audited annual financial statements will continue to be provided to shareholders until dissolution.
About the Company
On June 16, 2016 the Shareholders of the Company approved the orderly wind-up of the Company. Under the orderly wind-up plan the Company will distribute the net proceeds through special distributions, the repurchase of shares pursuant to the normal course issuer bid, or otherwise.
SOURCE Trez Capital
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