Bison Mortgage Funds Rebranded within the Trez Family of Funds

VANCOUVER, – April 9, 2013: Trez Capital (“Trez” or “the Company”) is pleased to announce the rebranding of Bison Income Trust II C-2 to Trez Capital Yield Trust and Bison Prime Mortgage Fund to Trez Capital Prime Trust. The investment objectives for the funds remain the same: to preserve capital while delivering a consistent high interest rate from a diversified portfolio of commercial and multi-residential mortgages. Rebranding will not affect the funds’ net asset values, mortgage portfolios or the management of the funds.

As of March 31, 2013, Bison Income Trust II C-2 (now Trez Capital Yield Trust) had approximately $215 million invested in mortgages and, since its inception in 2009, has delivered an average annual return of 8.8 percent on its units that have a distribution reinvestment feature. Bison Prime Mortgage Fund (now Trez Capital Prime Trust) had a mortgage portfolio of about $15.2 million, as of March 31, 2013, and has delivered an average annual return of 8 percent since inception in 2006 from its units that have a distribution reinvestment feature.1, 2

C2 2009 2010 2011 2012
CASH 9.8%* 8.1% 8.5% 8.0%
DRIP 9.8%* 8.4% 8.8% 8.2%


PRIME 2006 2007 2008 2009 2010 2011 2012
CASH 8.5% 8.4% 13.2% 7.9% 6.4% 6.1% 6.4%
DRIP 8.8% 8.7% 13.8% 8.1% 6.6% 6.3% 6.6%





*Annualized return due to June 1, 2009 inception date.
1 Past performance is no guarantee of future results, investors should read the offering memorandum for each fund, available at, before making an investment decision.
2 Returns shown are for investors invested from January 1 – December 31

“Both of these funds have been dependable, long term performers and will continue to provide investors with consistent dividends,” said Michael J.R. Nisker, Managing Partner of Trez. “We have recently expanded our investment offerings to include two (2) Mortgage Investment Corporations, both listed on the Toronto Stock Exchange. It made sense to unify all of our funds under the Trez branding so investors can see the broad offering of mortgage debt investment products available to them. We will be releasing additional information on the rebranding of all of the Trez funds in the coming weeks.”

About Trez Capital

Trez Capital is one of Canada’s largest private commercial mortgage lenders and provides mid-market property developers and owners with quick approvals on flexible short to mid-term bridge financing. The Company has provided innovative financing for commercial properties in major centres throughout Canada and selected US markets. They also offer private and institutional investors, including some of Canada’s largest pension funds, strategies to invest in a variety of opportunistic, fully-secured, high-yield mortgage investment funds and similar investment assets. Based in Vancouver, BC, with offices also in Toronto, ON, and Dallas, TX, Trez manages a mortgage and investment portfolio of more than $1.5 billion.


For further information, please contact:

Mr. Michael J.R. Nisker
Managing Partner
Trez Capital
Tel: (416) 350-1299

Mr. Drew de Wynter
Senior Director, Finance
Trez Capital
Tel: (604) 678-3698