TORONTO, Oct. 16, 2014 /CNW/ - Firm Capital Mortgage Investment Corporation ("MIC") (TSX: FC), announces its monthly cash dividend of $0.078 per share (subject to adjustment in the discretion of the board of directors) payable to shareholders of record as follows:
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Record Date
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Dividend Payable
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October 31, 2014
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November 17, 2014
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November 30, 2014
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December 15, 2014
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The MIC, 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 MIC's investment objective is the preservation of Shareholders' Equity, while providing Shareholders with a stable stream of monthly dividends from investments. The MIC 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 Shareholders. For more information, please visit www.firmcapital.com
SOURCE Firm Capital Mortgage Investment Corporation
Eli Dadouch, President & Chief Executive Officer, (416) 635-0221, www.firmcapital.comCopyright CNW Group 2014