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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Post by fatcharlieon Nov 07, 2017 9:18pm

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Post# 26922444

Good Q3 Results

Good financials, appears to be very undervalued at these levels. Looking forward to the bonus special dividend next month.

Income and profit (referred to herein as "Profit") for the three months ended September 30, 2017 increased by approximately 9% to $5,903,828 as compared to $5,406,432 for the same period in the prior year. Profit for the nine months ended September 30, 2017 increased by approximately 18% to $18,698,778 compared to $15,821,762 for the nine months ended September 30, 2016.

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