Firm Capital Mortgage Investment Corporation announces monthly cash dividends
TORONTO, May 17, 2012 /CNW/ - 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 May 31, 2012 June 30, 2012 July 31, 2012 |
Dividend Payable June 15, 2012 July 16, 2012 August 15, 2012 |
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
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221
www.firmcapital.com
Share this article