Trez Capital Mortgage Investment Corporation (TSX:TZZ) – Who’s Getting That Last Mortgage Payment

In 2012, Trez Capital Mortgage Investment Corporation (“Trez”) raised $230 million dollars to fund a mortgage loan book. The Company chugged along but by 2016 some wanted a change… Since then the Company has been in wind-up mode, with two mortgages left to finish up and some cash. And overall the team seems to have been doing a pretty good job at getting the book down to zero. It was trading below NAV and was expected to be all wound up in 2019 but now two funds are fighting over the scraps!

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