TORONTO, July 11, 2018 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (“MIC”) (TSX:FC),
announces its monthly cash dividend of $0.078 per share payable to shareholders of record as follows:
| Record Date |
|
Dividend Payable |
| July 31, 2018 |
|
August 15, 2018 |
| August 31, 2018 |
|
September 17, 2018 |
| September 30, 2018 |
|
October 15, 2018 |
Shareholders are reminded that they can participate in the Corporation’s Dividend Reinvestment Plan and Share
Purchase Plan.
DIVIDEND REINVESTMENT PLAN (DRIP)
The plan allows participants to have their monthly cash dividends reinvested in additional shares. The Price paid per share is 97%
(if the share price is higher than $14.10) of the weighted average trading price calculated five trading days immediately preceding
each dividend date with no commission cost.
SHARE PURCHASE PLAN
Once registered with the Plan, participants have the right to purchase additional shares, totaling no greater than $12,000 per year
and no less than $250 per month. Shareholders participating pay no commission.
For further information, including answers to frequently asked questions about the program, please refer to our
website: www.Firmcapital.com, and tab under the banner Firm Capital Mortgage Investment Corporation, which also includes enrollment
information. If you have any questions, please contact Investor Relations at the Corporation by calling 416-635-0221.
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'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 circular. 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 new
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
Where Mortgage Deals Get Done®
Boutique Mortgage Lenders®
