GENTAI MORTGAGE INVESTMENT CORP DELCARES 2015 SPECIAL DIVIDEND

 4.jpg

 

VANCOUVER, – Dec. 16th, 2015: Genesis Mortgage Investment Corporation (Genesis MIC) is pleased to announce today that its board of directors has declared a special dividend of $0.001per unit on an annualized basis for the month ending September 2015.This distribution represents a 1.2% increase over the Genesis MIC’S previous distribution, which reaches a 3-year high of 8.34%.

Special Dividend cheques will be deposited or mailed by no later than Dec. 16th 2015. Online access to your account activity is available anytime via:   www.genesiscapital.ca.

 

ABOUT THE COMPANY

Genesis MIC is a non-bank provider of residential and commercial mortgages. The Company's objective is to acquire and maintain a diversified portfolio of first and second mortgages in Canada that preserves capital and generates attractive returns in order to pay quarterly dividends to its shareholders. The Company focus on short-term bridge financing needs not currently serviced by larger financial institution. Genesis Capital Corporation is the manager of and portfolio advisor to the Company.

Genesis Mortgage Investment Corp is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income. For further information, please refer to Genesis’s website at www.gentaicapital.com

For further information, please contact:

Rachel Jia

Administration Manager, Investor Relations

Gentai Capital Corporation

Tel: 604.279.0360 | 604.638.1580 | 604.218.9956

E-mail:  Rachel.Jia@gentaicapital.com