TORONTO, ONTARIO--(Marketwire - May 18, 2011) - Firm Capital Mortgage Investment Corporation ("MIC") (TSX:FC), announced 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:
Record Date | Dividend Payable |
May 31, 2011 | June 15, 2011 |
June 30, 2011 | July 15, 2011 |
July 31, 2011 | August 15, 2011 |
August 31, 2011 | September 15, 2011 |
September 30, 2011 | October 17, 2011 |
October 31, 2011 | November 15, 2011 |
November 30, 2011 | December 15, 2011 |
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.
Contact Information:
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221
www.firmcapital.com