TORONTO, June 06, 2018 (GLOBE NEWSWIRE) --
NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX:FC) today announced that
at the annual meeting (the “Meeting”) of shareholders of the Corporation held earlier today, all director nominees
were elected as directors of the Corporation, as follows:
| |
|
|
|
|
|
Nominee |
Votes “For” |
% Votes “For” |
Votes
“Withheld” |
% of Votes
“Withheld” |
|
Geoffrey Bledin |
4,146,137 |
98.96 |
43,645 |
1.04 |
| Eli
Dadouch |
4,180,786 |
99.79 |
8,996 |
0.21 |
| Morris
Fischtein |
4,168,875 |
99.50 |
20,907 |
0.50 |
| Edward
Gilbert |
4,175,002 |
99.65 |
14,780 |
0.35 |
|
Stanley Goldfarb |
4,177,098 |
99.70 |
12,684 |
0.30 |
|
Victoria Granovski |
4,167,898 |
99.48 |
21,884 |
0.52 |
|
Anthony Heller |
4,124,693 |
98.45 |
65,089 |
1.55 |
|
Jonathan Mair |
4,141,227 |
98.84 |
48,555 |
1.16 |
|
Francis Newbould |
4,177,156 |
99.70 |
12,626 |
0.30 |
| Hon.
Joe Oliver, P.C. |
4,172,959 |
99.60 |
16,823 |
0.40 |
| Keith
Ray |
4,161,024 |
99.31 |
28,758 |
0.69 |
|
Lawrence Shulman |
4,177,972 |
99.72 |
11,810 |
0.28 |
| |
|
|
|
|
All other matters considered by shareholders at the Meeting were also approved, the details of which are
contained in the Report on Voting Results regarding the Meeting filed by the Corporation on SEDAR at www.sedar.com.
ABOUT THE CORPORATION
Where Mortgage Deals Get Done®
The Corporation, 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. The Corporation has been listed on the Toronto Stock Exchange since 1999 under the ticker symbol ‘FC’. The
Corporation's investment objective is the preservation of Shareholders' equity, while providing Shareholders with a stable stream
of monthly dividends from investments. The Corporation achieves its investment objectives 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. Full reports of the financial results of the Corporation for the
year are outlined in the audited financial statements and the related management discussion and analysis of Firm Capital, available
on the SEDAR website at www.sedar.com. In addition, supplemental information is available on Firm Capital’s website at
www.firmcapital.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of applicable securities laws
including, among others, statements concerning our objectives, our strategies to achieve those objectives, our performance, our
mortgage portfolio and our dividends, as well as statements with respect to management’s beliefs, estimates, and intentions, and
similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not
historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as
“outlook”, “objective”, “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue” or
similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and
are based on information currently available to management.
These statements are not guarantees of future performance and are based on our estimates and assumptions that
are subject to risks and uncertainties, including those described in our Annual Information Form under “Risk Factors” (a copy of
which can be obtained at www.sedar.com), which could cause our actual results and performance to differ materially from the
forward-looking statements contained in this release. Those risks and uncertainties include, among others, risks associated with
mortgage lending, dependence on the Corporation’s mic manager and mortgage banker, competition for mortgage lending, real estate
values, interest rate fluctuations, environmental matters, Shareholder liability and the introduction of new tax rules. Material
factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information
include, among others, that the Corporation is able to invest in mortgages at rates consistent with rates historically achieved;
adequate mortgage investment opportunities are presented to the Corporation; and adequate bank indebtedness and bank loans are
available to the Corporation. Although the forward-looking information continued in this news release is based upon what management
believes are reasonable assumptions, there can be no assurance that actual results and performance will be consistent with these
forward-looking statements.
All forward-looking statements in this news release are qualified by these cautionary statements. Except as
required by applicable law, the Corporation undertakes no obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
For further information, please contact:
Firm Capital Mortgage Investment Corporation
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221
