TORONTO, ONTARIO--(Marketwired - Mar 4, 2015) - Eclipse Residential Mortgage Investment Corporation ("Eclipse") (ERM.TO) is pleased to announce an 8.3% increase in the dividend rate to $0.05417 per Class A Share per month for record dates from April to June 2015.
| Record Date | Payment Date |
| April 30, 2015 | May 14, 2015 |
| May 29, 2015 | June 12, 2015 |
| June 30, 2015 | July 15, 2015 |
Eclipse has achieved a compound total return on net asset value of 8.5% for the one year period ended February 26, 2015(1) and is currently earning income per share in excess of its dividend rate. This excess income has contributed to the growth in net asset value per share which has increased from $9.19 at December 31, 2013 to $9.40 as at February 26, 2015. As a result of this strong performance, the Fund is increasing its monthly dividend rate from $0.05 to $0.05417 per Class A Share. The new dividend rate represents an annual yield of 7.6% based on the closing market price on February 26, 2015.
Shareholders are reminded that Eclipse offers a distribution reinvestment plan ("DRIP") which provides shareholders with the ability to automatically reinvest their dividends and realize the benefits of compound growth of their investment. Shareholders can enroll in the DRIP program by contacting their investment advisor.
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 info@bromptongroup.com or visit our website at www.bromptongroup.com.
About MCAP Financial Corporation
One of Canada's largest non-bank mortgage lenders, MCAP Financial Corporation originates and services all mortgages for Eclipse Residential MIC. MCAP has more than 20 years of experience underwriting and servicing Canadian Single Family Residential Mortgages, with over $45 billion in mortgage assets managed for banks, lifecos, credit unions and institutional investors.
(1) See www.bromptongroup.com for returns for all periods.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading platform (an "exchange"). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.