Firm Capital Mortgage Investment Corporation Announces Results of Voting at Annual General and Special Meeting

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TSX Symbol: FC

TORONTO, June 14, 2016 /CNW/ - Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) today announced that at the annual and special 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	4,038,102	91.61	369,954	8.39
Eli Dadouch	4,367,391	99.08	40,665	0.92
Morris Fischtein	4,007,818	90.92	400,238	9.08
Edward Gilbert	4,354,942	98.80	53,114	1.20
Stanley Goldfarb	4,324,581	98.11	83,475	1.89
Anthony Heller	4,309,664	97.77	98,392	2.23
Jonathan Mair	4,328,041	98.18	80,015	1.82
Hon. Joe Oliver, P.C.	4,356,562	98.83	51,494	1.17
Keith Ray	4,356,892	98.84	51,164	1.16
Lawrence Shulman	4,383,266	99.44	24,790	0.56

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'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. The Corporation is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada). Accordingly, The Corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. 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 Corporation, available on the SEDAR website at www.sedar.com.  In addition, supplemental information is available on Corporation's website at www.firmcapital.com.

SOURCE Firm Capital Mortgage Investment Corporation

please contact: Firm Capital Mortgage Investment Corporation, Eli Dadouch, President & Chief Executive Officer, [phone]