Frontenac Mortgage Investment Corporation's Upcoming Developments

Author: Evelyn Baker Updated: 07-30-2025 10:42 AM

Update on Financial Filings and Upcoming Meeting

Frontenac Mortgage Investment Corporation (FMIC) is currently in the process of completing its annual financial statement audits with external auditors. The Company has been diligently working with MNP LLP and is committed to ensuring all necessary documentation is accurately prepared.

Changing Timeline for Annual Filings

Recent updates have indicated that MNP LLP no longer expects to finalize their audit work by the previously set deadline. As a result, FMIC will now have an extended timeline for filing its annual financial statements and associated management discussions. A new expected completion date for these audits will be communicated in due course.

Interim Filings Status

Despite the delay with the annual filings, FMIC maintains its commitment to filing the outstanding interim financial statements for the three months ending soon after the annual filings are completed. Management discussions and certificates are also to follow as soon as practicable after these filings.

Share Redemption Plans

FMIC's management continues to anticipate the redemption of common shares, which will follow the completion of the annual and interim filings. This is a critical aspect of maintaining a strong relationship with shareholders and ensuring that operations remain smooth as the company looks toward the future.

Postponement of the Annual Meeting

Due to the changes in the timeline for the filings, FMIC has decided to postpone its annual meeting of shareholders. The meeting, originally scheduled for a specific date, will be rescheduled in alignment with the audit completion timeline. Once a new date is confirmed, it will be swiftly communicated to all stakeholders.

About FMIC and its Management

FMIC's strong foundations are supported by its management structures. Advanced Capital Corporation, serving as FMIC's manager since May 1, 2025, ensures compliance and oversight. Additionally, Advanced Alternative Lending oversees the mortgage aspects of the company’s portfolio, adhering to regulatory standards and focusing on recovery and resolution.

For More Information

Interested parties can access further details about Frontenac Mortgage Investment Corporation by visiting SEDAR+, where FMIC holds an updated profile. Keeping abreast of such developments is crucial for investors and stakeholders as the company moves towards fulfilling its obligations.

Frequently Asked Questions

What is the primary reason for the delay in filings?

The delay is due to the external auditor, MNP LLP, needing additional time to finalize their audit work.

What impact does the delay have on shareholders?

The delay in filing the annual financial statements has prompted FMIC to postpone its annual meeting, affecting shareholders’ ability to participate in important company decisions.

What is FMIC's stance on share redemption?

FMIC expects to proceed with its share redemption plan as soon as all necessary filings are completed.

Who manages Frontenac Mortgage Investment Corporation?

Advanced Capital Corporation currently manages FMIC, providing oversight and governance.

How can investors stay informed about FMIC developments?

Investors can stay informed by checking FMIC’s profile on SEDAR+ for the latest updates and filings.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.