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.
97212 Ventures, a NY next-generation VC and day-one partner for Israeli founders, today announced the closing of a 20-million dollar fund aimed at investing in new Israeli pre-seed and seed startups, providing them instant access to a pool of rich...
Further to its news releases dated February 14 and April 30, 2024, Copper Road Resources Inc. ("Copper Road" or the "Company") is pleased to announce that it has completed the sale of its 100% interest in the 24,000-hectare Copper Road Project...
Ubique Group, an industry-leading merchandiser of furniture and décor, and Martha Stewart, the omnichannel lifestyle authority renowned for her expertise in beautiful and functional living, today announced the launch of an exciting, new bedroom...
On May 10th, the brand promotion conference of "Grand Huangshan" was held in Deqing County, Zhejiang Province, during the 2024 World Brand Moganshan Conference.
The decision by the Anhui Provincial Party Committee and Provincial Government to build...
NWTN Inc. , an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), today issues this announcement to its shareholders.
The company has seen a significant...
BNY Mellon , the global financial services company, today announced a collaboration with Ponce Bank, a Bronx-based Minority Deposit Institution (MDI), as part of the U.S. Treasury Department's Financial Agent Mentor-Protégé...
