Firm Capital Mortgage Investment Corporation announces a 50% increase in the discount rate to the Dividend Reinvestment Plan

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[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation announces a 50% increase in the discount rate to the Dividend Reinvestment Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\nFirm Capital Mortgage Investment Corporation announces a 50% increase in the discount rate to the Dividend Reinvestment Plan\nCanada NewsWire\nTORONTO, Aug. 30, 2016\n\n\n\nTORONTO, Aug. 30, 2016 /CNW/ - Firm Capital Mortgage Investment Corporation (\"FCMIC\") (TSX: FC) announces a 50% increase in the discount rate on its Dividend Reinvestment Plan (the \"DRIP\") to 3% on shares issued from treasury.\n\nShareholders may elect to reinvest their dividends in FCMIC Common Shares at a 3% discount on shares issued from treasury. The new terms apply to shareholders of record who are entitled to cash dividends and have elected to participate in the DRIP for dividends paid on and after September 15, 2016.\n\nThe DRIP provides eligible beneficial holders of shares an attractive opportunity to reinvest their eligible cash dividends for additional FCMIC shares. Participants do not pay any costs associated with this plan, including brokerage commissions.\n\nFor further information or to join the DRIP, shareholders should contact their financial adviser or broker and should review the DRIP Plan on www.firmcapital.com.\n\nAbout The Corporation\n\nWhere Mortgage Deals Get Done®\n\nThe 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. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to shareholders. The ...

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