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Eclipse Residential Mortgage Inv Corp  

(Public, TSE:ERM)   Watch this stock  
Find more results for ERM
10.41
0.00 (0.00%)
May 23 - Close
TSE data delayed by 15 mins - Disclaimer
Currency in CAD
Range     -
52 week 9.10 - 10.79
Open     -
Vol / Avg. 0.00/951.00
Mkt cap 21.86M
P/E 21.03
Div/yield     -/7.20
EPS 0.50
Shares 2.10M
Beta -0.21
Inst. own     -

Address

Brookfield Place, 181 Bay St Suite 2930
TORONTO, ON M5J 2T3
Canada
+1-416-6429050 (Phone)
+1-416-6426001 (Fax)

Website links

Description

Eclipse Residential Mortgage Investment Corporation (the Fund) is a non-redeemable investment fund, and invests and reinvests its assets in mortgages. The Fund's investment objectives are to acquire and maintain a mortgage portfolio primarily consisting of single-family residential mortgage investments that seeks to preserve capital and to generate income to pay monthly distributions to the Class A shareholders. The Fund invests in single-family residential mortgages. It may also invest in commercial mortgages and residential construction mortgages, subject to a limit of approximately 20% of the principal amount of the Fund's portfolio. The portfolio will consist of a significant number of mortgages, which provides diversification. The Fund targets a portfolio primarily consisting of junior tranches of uninsured first mortgages and insured mortgages with open terms, insured six-month convertible mortgages and second charge mortgages. Brompton Funds Limited is the manager of the Fund.

Officers and directors

Mark A. Caranci President, Chief Executive Officer, Director
Craig T. Kikuchi Chief Financial Officer
Christopher Z. Cullen Senior Vice President
Moyra E. MacKay Vice President, Corporate Secretary
Jason Goletz Vice President
Peter A. Braaten Independent Director
Raymond R. Pether Independent Director