Trez shareholders approve transition to a public company

By Staff | November 29, 2013 | Last updated on November 29, 2013
1 min read

Today shareholders of Trez Capital Mortgage Investment Corporation and the Trez Capital Senior Mortgage Investment Corp approved the companies’ transition into a public company.

The change was prompted by proposed regulatory changes from the CSA that would have prohibited Trez from investing in non-government guaranteed mortgages.

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As a public company, Trez will be able to continue its current operations.

It will also eliminate the trailer fee paid on its Class A Shares, and it hopes to distribute the savings to shareholders.

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The staff of have been covering news for financial advisors since 1998.