TORONTO, ONTARIO -- (Marketwired) -- 07/17/13 -- Eclipse Residential Mortgage Investment Corporation (TSX: ERM) (the "Company") has received approval for a normal course issuer bid to purchase up to 357,700 class A shares (the "Shares") of the Company representing approximately 10% of the public float of 3,577,500 Shares. The Company may purchase up to 78,000 Shares in any 30 day period which is 2% of the 3,900,000 issued and outstanding Shares at July 11, 2013.
The units may be purchased for cancellation from July 19, 2013 to July 18, 2014 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Share not exceeding the last published net asset value per Share. The Company believes that such purchases are in its best interests and are a desirable use of its available funds.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000, toll-free at 1-866-642-6001, email firstname.lastname@example.org or visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.
416-642-6000 or Toll-Free at 1-866-642-6001
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