Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Builders Capital Mortgage Corp. (TSXV: BCF) (the "Company") is pleased to announce that it has received a Discontinuance of Action from Plaintiff's counsel in regard to the previously announced Statement of Claim filed by JEREMY COWIE in the Court of King's Bench of Alberta.
The matter was discontinued on a "without costs" basis and the Company confirms that there has been no impact on its day-to-day operations or its general outlook.
About Builders Capital
Builders Capital is a mortgage lender providing short-term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. The Company commenced active operations on December 12, 2013 on the closing of its initial public offering, whereupon it acquired a portfolio of mortgages from two predecessor companies.
Builders Capital's investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations ("MIC") as defined in the Income Tax Act.
For further information, please contact:
Sandy Loutitt, Chief Executive Officer
Telephone: (403) 685-9888
Builders Capital Mortgage Corp.
Suite 260, 1414 - 8th Street SW
Calgary, Alberta T2R 1J6
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314264
Source: Builders Capital Mortgage Corp.