|Trez Capital - TZS.t is a diversified real estate investment firm and preeminent provider of private commercial real estate debt & equity financing solutions in Canada and the U.S.|
For 23 years, Trez Capital has been delivering attractive returns to investors.
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The Company and Trez Capital Fund Management Limited Partnership also announced today that they have agreed to terminate their existing management agreement pursuant to which the Manager has performed management services for the Company since 2012.
Under the terms of a separation and mutual release agreement dated November 23, 2020 (the "Separation Agreement"), the Management Agreement will terminate on December 31, 2020 or such earlier date as the Company provides notice that a successor manager has been appointed (the "Termination Date"). Under the Separation Agreement, the Manager will be entitled to be paid a one-time separation fee of $200,000 on termination of the Management Agreement and, except for accrued management fees, will not be entitled to any other fees under the Management Agreement, including any incentive fees and early termination fees.
In connection with the Separation Agreement, Alexander Manson and Clint Matthews have agreed to resign from their respective roles as Chief Executive Officer and Chief Financial Officer of the Company, effective on the Termination Date.
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