Firm Capital Mortgage Investment Corporation
TSX : FC

Firm Capital Mortgage Investment Corporation

January 20, 2011 14:23 ET

Firm Capital Mortgage Investment Corporation Announces Monthly Cash Dividends

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2011) - Firm Capital Mortgage Investment Corporation ("MIC") (TSX:FC), announced its monthly cash dividend of $0.078 per share (subject to adjustment in the discretion of the board of directors) payable to shareholders of record as follows:

Record Date   Dividend Payable
January 31, 2011   February 15, 2011
February 28, 2011   March 15, 2011
March 31, 2011   April 15, 2011
April 30, 2011   May 16, 2011

The MIC, through its Mortgage Banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate finance, including construction, mezzanine and equity investments. The MIC's investment objective is the preservation of Shareholders' Equity, while providing Shareholders with a stable stream of monthly dividends from investments. The MIC achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Shareholders. For more information, please visit www.firmcapital.com.

Contact Information

  • Firm Capital Mortgage Investment Corporation
    Eli Dadouch
    President & Chief Executive Officer
    (416) 635-0221
    www.firmcapital.com