Firm Capital Mortgage Investment Corporation Announces

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2022
94
Firm Capital Mortgage Investment Corporation Announces Completion of Early Redemption of 4.75% Debentures

/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Dec. 20, 2019 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that it has completed the early redemption (the “Redemption”) and cancellation of its outstanding 4.75% convertible unsecured subordinated debentures, which were scheduled to mature on March 31, 2020 (the “Debenture”). 

Pursuant to the Redemption, the Debentures were redeemed for cash and trading under the symbol FC.DB.D was halted today, and the Debentures will be delisted form the Toronto Stock Exchange at the close of trading today.

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 underserviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Shareholders. Full reports of the financial results of the Corporation for the year are outlined in the audited financial statements and the related management’s discussion and analysis of Firm Capital, available on the SEDAR website at www.sedar.com. In addition, supplemental information is available on Firm Capital’s website at www.firmcapital.com.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

For further information, please contact:
Firm Capital Mortgage Investment Corporation
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221

Boutique Mortgage Lenders®

Scroll down for more posts ▼

Top 10 Most Recent News Articles

DAHON's Tech: Crafting Folders That Ride Like Road Bikes

Updated Category News Views 4

The Folding Bike Revolution: More Than Just a Fad You've seen them zipping around—those compact, folding bikes. They're not just for urban commuters looking to save space. Oh no, this is a full-blown cycling revolution we're talking about. DAHON, a name that's been rolling since 1982, has been riding these waves and making strides that others can only dream of. While...

Continue Reading
ETERC's Ele Aims to Revolutionize STEM Education for All

Updated Category News Views 6

The AI Mentor Battleground in Education Ever found yourself wondering how public schools could step up their game without dumping money down the tech rabbit hole? ETERC’s latest push with Ele may just be a game-changer for them. We're not talking about your run-of-the-mill chatbot regurgitating facts from the internet—this is an AI tricked out for personalized...

Continue Reading
Digital Wine Atlas Maps 4.3 Million Vineyards Globally

Updated Category News Views 4

Revolutionizing Viticulture with Data In today's wild world, climate change isn't just shifting weather patterns—it's upending the age-old map of wine-making regions. We've got a new player on the field: the World Winery Map. It's digital, massive, and it’s shaking things up for winemakers and grape enthusiasts alike. This platform covers a staggering 4.3 million...

Continue Reading
Debbie's Dream Foundation Launches 2026 Youth Art Contest

Updated Category News Views 5

Young Artists Called to Inspire a Cancer-Free World What's the first image that pops into your head when you think of a world free from cancer? That's the magic question on deck for this year's Youth Art Contest by Debbie's Dream Foundation. Imaginations are set to run wild as the competition opens its gates to artists under 18, calling for visions splashed across...

Continue Reading
Sierra Ridge Advisors Join Gateway Financial Milestone

Updated Category News Views 5

Big Moves in the Financial Advisory World Let's dive right in. Here's a real shakeup in the advisory realm: 28 financial advisors and team members from Sierra Ridge Advisor Group are packing their bags for Gateway Financial Partners. We're talking about a significant shift involving $825 million in assets under advisement. Instead of sticking with Sierra Ridge as it...

Continue Reading
Bascom's Strategic Play on a Dallas Apartment Deal

Updated Category News Views 8

Unpacking Bascom's Jasmine Acquisition In a market that's been more slippery than a greased pig, Bascom Group's move buying up Jasmine Apartments is capturing some eyes. Situated in North Dallas, this 370-unit complex ain't just another brick in the wall—it's Bascom's 42nd entry into Texas, reinforcing their knack for sniffing out deals others might tiptoe around,...

Continue Reading
AI Ambassadors Rethink Arbitration's Future

Updated Category News Views 5

Navigating the AI Terrain in Arbitration It's 2026 and artificial intelligence isn't just a buzzword anymore; it's reshaping every corner of how disputes get resolved. The American Arbitration Association (AAA) has jumped into the mix, launching an AI Ambassador program to tackle a wave of AI-induced challenges. These aren't just academic exercises—this is a hard-nosed...

Continue Reading
Debt Crisis Looms: Social Security at Risk

Updated Category News Views 4

Debt Reality: A National Concern with Global Implications When it comes to the U.S. federal debt situation, the latest report from the National Seniors Policy Center is lighting a fire like no other, warning us that we're not crying wolf here. We've got fiscal numbers that may not sit well at breakfast. With roughly 67 cents of every new buck Uncle Sam borrows going to...

Continue Reading
Buffett Steps Down, New Faces at Berkshire Hathaway

Updated Category News Views 4

End of an Era: Warren Buffett's Retirement Warren Buffett—there's a name that's echoed through the halls of investment for decades. Today, he's pulling down the curtain as Chairman of Berkshire Hathaway (NYSE: BRK). No fanfare, just a nod to the inevitable with his classic, humor-tinged confession: 'Father Time always wins.' Can’t argue with the man who’s seen the...

Continue Reading
Vetology Reinvents AI Models for Veterinary Radiology

Updated Category News Views 5

Revamping AI in Veterinary Practices Out there in San Diego, Vetology's been rolling up its sleeves and getting down to brass tacks with a complete do-over of their AI classifiers. They’ve rebuilt all 94 of them, every last one, on a brand-new architecture. No small task, this overhaul stretched from June to August and it wasn't just paint and polish but a whole new...

Continue Reading

Top 5 Most Recently Viewed Articles

Linux Foundation to Launch Developer Relations Initiative for Growth

Updated Category News Views 88

Linux Foundation Initiates New Developer Relations Initiative The Linux Foundation is launching an exciting new initiative— the Developer Relations Foundation (DRF). This effort aims to bring together and improve best practices in the global developer relations community. With developer relations becoming a crucial part of fostering developer success, technology...

Continue Reading
HTX Ventures Explores Future Opportunities in Finance Growth

Updated Category News Views 101

HTX Ventures Unveils Annual Review and Future Strategy Recently, HTX Ventures, the global investment arm of HTX, published a comprehensive report detailing significant insights and predictions for the financial landscape. This document, titled "2025 Annual Review: Crypto Assets Move Toward Mainstream Adoption," emphasizes the importance of robust foundational capabilities...

Continue Reading
Strathcona Resources Ltd. Increases Public Float by 11.2%

Updated Category News Views 111

Strathcona Resources Ltd. Expands Investor Opportunities Strathcona Resources Ltd. (TSX: SCR) recently made headlines with an important announcement that signifies growth and accessibility for investors. The company has reported the completion of a share pass-through transaction involving Waterous Energy Fund. This transaction led to the disposition of over 24 million...

Continue Reading
Lantheus Securities Case: What Investors Should Know Now

Updated Category News Views 286

Important Updates for Lantheus Holdings, Inc. Investors Investors in Lantheus Holdings, Inc. (NASDAQ: LNTH) should take notice of recent developments relating to a securities class action that could impact their holdings. As this situation unfolds, it's vital to stay informed about your potential rights and the next steps you can take to protect your interests. Why You...

Continue Reading
Systemair Completes Acquisition of Final Shares in Türkiye

Updated Category News Views 304

Systemair Completes Final Share Acquisition in Türkiye Systemair (NASDAQ OMX Stockholm: SYSR) has successfully completed the purchase of the remaining 10 percent of shares in Systemair HSK Türkiye, a move that strengthens its presence in the Turkish market. The acquisition received approval from the Turkish competition authorities, marking a significant milestone for...

Continue Reading