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Redemption note:

Holders of Class A Non-Voting shares in Builders Capital Mortgage Corp. may require the Corporation to redeem all or any part of their shares once per year, on October 31, at a redemption price, which is set as 95% of the Net Asset Value per share of the corporation. If a shareholder wishes to redeem their shares, they must provide written notice to our registered office at 405-1210 8th St. SW, Calgary, AB, T2R 1L3 by 4:00 pm Calgary time on October 1 each year. In addition, they must provide a share certificate registered in their name representing the shares which they wish to have the Corporation redeem. In most cases, shares will be held through a broker (a CDS participant) and a Holder will first have to request a certificate registered in their name from the broker.

The redemption price for the shares tendered for redemption will be the Net Asset Value per share calculated on October 31 and the shares will be cancelled on that date. Payment for the redemption proceeds will be made to the Holder on or before the last day November. We cannot predict precisely what the Net Asset Value per share will be on October 31, 2017 and therefore cannot yet determine the redemption price. For illustrative purposes, the average month-end closing Net Asset Value per share between September 1, 2016 and August 31, 2017 was $9.69, 95% of which would be $9.21.  We expect the Annual Redemption Price will be a similar amount, but caution that the actual figure will vary from this estimate.