Firm Capital Mortgage Investment Corp T.FC

Alternate Symbol(s): FCMGF | T.FC.DB.I | T.FC.DB.K | T.FC.DB.L | T.FC.DB.J

Firm Capital Mortgage Investment Corporation is a Canadian mortgage investment company. The Company, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. Its investment objective is the preservation of shareholders' equity, while providing shareholders with a stable stream of monthly dividends from investments. The Company achieves its investment objectives through investments in selected niche markets that are under-serviced by large lending institutions. Its lending activities are focused on developing a diversified mortgage portfolio. Its mortgage banker acts as the Company's loan originator, underwriter, servicer and syndicator. Its mortgage portfolio includes conventional first mortgages, conventional non-first mortgages, related debt investments, debtor in possession loan and non-conventional mortgages.

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Firm Capital Mortgage Investment Corp

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Comment by ArbProfiton Sep 06, 2017 1:50pm

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Post# 26662296

RE:RE:RE:RE:RE:New shares

gashole wrote: will likely get in the 11's at this rate...

It's possible. Should be a good buying opportunity this month. I think redeeming the debentures for shares is a mistake by management, because the redemption price keeps moving lower with the stock. It's basically a stealth offering as large as the offering AI just announced, but that one has a fixed price. They could have done a $13.00 offering with the stock at $13.50 and redeemed the debentures for cash.

I expect that any shares I buy in the next 60 days will look good a year from now.

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