FIRM CAPITAL MORTGAGE INVESTMENT TRUST
TSX : FC.UN

FIRM CAPITAL MORTGAGE INVESTMENT TRUST

May 18, 2010 12:11 ET

Firm Capital Mortgage Investment Trust Announces Monthly Cash Distributions

TORONTO, ONTARIO--(Marketwire - May 18, 2010) - Firm Capital Mortgage Investment Trust (the "Trust") (TSX:FC.UN), announced its monthly cash distribution of $0.078 per unit for the Unit holders of record as per the following:

Record Date   Payable
May 31, 2010   June 15, 2010
June 30, 2010   July 15, 2010
July 31, 2010   August 16, 2010

The Trust, 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 Trust's investment objective is the preservation of Unitholders' equity, while providing Unitholders with a stable stream of monthly distributions from investments. The Trust 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 Unitholders. For more information, please visit www.firmcapital.com.

Contact Information

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