TORONTO, April 7, 2017 /CNW/ - 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
|
|
April 30,
2017
|
May 15,
2017
|
|
May 31,
2017
|
June 15,
2017
|
|
June 30,
2017
|
July 17,
2017
|
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.
Where Mortgage Deals Get Done®
Boutique Mortgage Lenders®
SOURCE Firm Capital Mortgage Investment Corporation
