Firm Capital Confirms Special Year-End Dividend for 2025

Firm Capital Announces Special Year-End Dividend

Firm Capital Mortgage Investment Corporation (TSX: FC) has officially declared its special year-end dividend of $0.056 per common share. This announcement comes as the Corporation wraps up another successful fiscal year, recognizing the strong income generated during the year that surpassed regular dividends. As a result, shareholders can anticipate a payout designed to distribute all taxable income generated in the previous year.

Details of the Special Year-End Dividend

Alongside the special year-end dividend, the Corporation will distribute a regular dividend for December, bringing the total to $0.134 per common share. Shareholders can look forward to receiving these dividends on January 15, aligning with the record date established as December 31.

Continuing Trends in Dividend Payments

In the fiscal year, the total dividends paid per common share amounted to $0.992, showcasing a small but notable increase from the previous year's totals. These consistent payments reflect the Corporation's strategy to reward shareholders while maintaining a robust financial standing.

Monthly Cash Dividends Declared

Looking ahead, the Corporation has also declared monthly cash dividends of $0.078 per common share. These dividends are set for several upcoming payment dates, reinforcing the Corporation’s commitment to providing steady returns to its investors. The following record and payment dates have been established:

Upcoming Record and Payment Dates

The next scheduled record dates for the monthly dividends are:

• January 31, 2025 - Payment on February 17, 2025
• February 28, 2025 - Payment on March 17, 2025
• March 31, 2025 - Payment on April 15, 2025

Understanding Firm Capital's Business Model

Firm Capital operates as a non-bank lender, focusing on providing both residential and commercial short-term real estate financing. With an investment objective rooted in preserving shareholders' equity, the Corporation aims to deliver a reliable stream of monthly dividends. This is achieved through strategic investments in niche markets that are typically underserved by larger lending institutions.

Investment Strategy and Portfolio Diversification

By diversifying its mortgage portfolio, Firm Capital has been able to generate stable returns for shareholders, successful in navigating through various market conditions. The Corporation is recognized as a Mortgage Investment Corporation (MIC) under the Canadian Income Tax Act, allowing it to effectively manage its tax obligations and enhance shareholder value.

Looking to the Future

As Firm Capital looks to the future, it remains committed to upholding its principle of delivering consistent dividends while exploring new opportunities for growth. The company’s management continues to believe that remaining agile within the ever-evolving real estate finance landscape will be essential for sustained success.

Corporate Presence and Shareholder Communication

To maintain transparency and trust, Firm Capital regularly publishes its financial results through audited statements and management discussions. Shareholders can access these important documents on the SEDAR website, ensuring that they remain informed about the Corporation's performance and strategies.

Frequently Asked Questions

What is the amount of the special year-end dividend declared?

The special year-end dividend declared is $0.056 per common share.

When will the dividend payment be made?

The dividend will be payable on January 15, 2025, to shareholders of record on December 31, 2024.

How does Firm Capital generate income for dividends?

Firm Capital generates income through its investments in mortgage loans and real estate financing, focusing primarily on short-term lending solutions.

What is the total dividend amount paid in 2024?

The total dividends paid to common shareholders in 2024 amounted to $0.992 per common share.

Where can I find more information about Firm Capital?

Additional information about the Corporation is available on its official website and through its audited financial statements published on SEDAR.

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