GENESIS MORTGAGE INVESTMENT CORP DECLARES 2016 1ST DIVIDEND

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VANCOUVER, – April 15th, 2016: Genesis Mortgage Investment Corporation (Gentai MIC) is pleased to announce today that its board of directors has declared a quarterly dividend of $0.02 per Class A & B prefer share of the Company. The 2016 1st Quarter Dividend cheques will be deposited or mailed by no later than April 15th 2016. Online access to your account activity is available anytime via:  www.gentaicapital.com

As of Mar 31st, 2016, there were $16,395,709.87 Class A prefer shares outstanding and 24,365,524.62 Class B prefer shares outstanding. The amount of this Quarterly distribution was equivalent to $763,977.13, and the cumulative distribution reached to $6,107,109.42. 

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. Gentai 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