Tremont Mortgage Trust and RMR Mortgage Trust Announce Agreement to Merge
Summary
Tom Lorenzini, President of RMRM and TRMT, made the following statement: “ We are excited to announce this merger of two highly complementary businesses that will create a larger, more diversified commercial mortgage REIT. Based on the closing price of RMRM’s common shares on April 23, 2021, the equity market capitalization of the combined company would be approximately $180 million. Tremont Realty Capital, on behalf of its capital sources, Tremont Mortgage Trust (Nasdaq: TRMT) and RMR Mortgage Trust (Nasdaq: RMRM), is a direct lender that invests in loans secured by middle market and transitional commercial real estate. Except as required by law, neither RMRM nor TRMT intends to update or change any forward-looking statements as a result of new information, future events or otherwise. Additional information regarding the interests of such potential participants will be included in the joint proxy statement/prospectus and other relevant documents filed with the SEC in connection with the proposed merger if and when they become available.