Home > Market Activity > Get Quotes > News > News Article

Builders Capital Mortgage Corp.

Exchange: TSXV Exchange | Dec 16, 2017, 11:35 AM EST

BCF
$ 9.97 real time data Change Up
Change:
0.01 (0.10%)
Volume:
100
Real-time price
Day Low 9.97
Day High 9.97


 Back
,
Builders Capital Mortgage Corp. Announces Class A Non-Voting Share Redemptions

CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Builders Capital Mortgage Corp. (TSXV:BCF) (“Builders Capital”) today announced that, in accordance with its share terms, which allow for once per year share redemptions, it has received share redemption requests for a total of 10,000 Class A Non-Voting shares.  The redemption amount of $90,749.53, being 95% of the October 31, 2017 Net Asset Value per share, will be paid on November 30, 2017.

Sandy Loutitt, CEO stated, “The redemption feature in our share terms is intended to create a floor for our share price as well as to provide liquidity for our investors.  We’re happy that the mechanism put in place to create additional liquidity is effective.”

For further information, please contact:

John Strangway, Chief Financial Officer
Telephone: (403) 685-9888

Builders Capital Mortgage Corp.
Suite 405, 1210 – 8th Street SW
Calgary, Alberta T2R 1L3 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.