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Firm Capital Mortgage Investment Corp T.FC

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

Firm Capital Mortgage Investment Corporation is a Canada-based 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. It specializes in three investment areas: Mortgage Operations, Real Estate Operations and Special Situation Investments. Its investment objective is the preservation of shareholders' capital while providing shareholders with a stable stream of monthly dividends from the Company's investments. The Company achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. FCC provides loan origination, underwriting, loan servicing, and syndication services. Its investment portfolio includes conventional first mortgages; conventional non-first mortgages; related debt investments; debtor in possession loan, and non-conventional mortgages.


TSX:FC - Post by User

Comment by JayBankson Nov 19, 2021 11:29am
336 Views
Post# 34145830

RE:RE:What to do with Firm Capital going forward?

RE:RE:What to do with Firm Capital going forward?I am currently holding this in a taxable Margin account, so yes very good point! Tho the fact it's taxable isn't much of a point for myself as my income from it is only about $600/year and I do use margin in the account which is a tax deductible loan. But it is definitely a something to consider as I do hate payin more that I have too. Your point means if I were to enter again I would likely use my TFSA.

Looks like I've missed a good window to exit as it's down almost 10% from the highs... but I expect a spike upward when they announce the year end special and it comes up to payment of it.
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