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 Oct 12, 2017 1:07pm

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Post# 26805071

RE:RE:Loaded up

2. Dividends are treated as Interest Income for income tax purposes under the Canadian Income Tax Act.

https://firmcapital.com/fcmic/

gashole wrote: Question: can someone explain to me how the monthly payments are taxed? i havent been in FC for long enough to worry about it, but even my accountant didnt know... which I thought was odd... But I know in Canada (ontario) interest is taxed differently than dividends or distributions.. someone who knows can you please respond? Thanks.

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