$50 Million Participating Bond Offering

Calgary, Alberta – April 8, 2024 — Builders Capital Mortgage Corp. (TSXV: BCF) has announced regulatory approval from the TSX Venture Exchange for its new participating bond offering, targeting up to $50 million in capital. The funds will support the Company’s core business of short-term, residential construction mortgages in Alberta and British Columbia.

Unlike traditional bonds, this offering ranks equally with existing shares in terms of return and risk, offering a pro rata structure that aligns the interests of bondholders and shareholders. This structure enhances shareholder returns without adding leverage risk.

Key features of the bond include semi-annual redemption options and targeted 75% loan-to-value mortgage security. Yield will be derived from the performance of the mortgage portfolio, rather than a fixed interest rate.

President and CEO Sandy Loutitt called the offering “a unique and positive fund-raising development,” noting that it strengthens the Company’s presence in Western Canada while benefiting shareholders through enhanced diversification and operational efficiency.