Firm Capital Mortgage Investment Corporation Announces Completion of Early Redemption of 5.40% Debentures

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[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation Announces Completion of Early Redemption of 5.40% Debentures\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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 27, 2018\n\n\n\n/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nTSX Symbol: FC\n TORONTO, Dec. 27, 2018 /CNW/ - 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 5.40% convertible unsecured subordinated debentures, which were scheduled to mature on February 28, 2019 (the \"Debentures\"). \nPursuant to the Redemption, the Debentures were redeemed for cash and will cease trading on the Toronto Stock Exchange under the symbol FC.DB.B, subsequent to the date hereof. \nAbout the Corporation\nWhere Mortgage Deals Get Done®\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 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.\nForward-Looking Statements \nThis news release contains forward-looking statements...

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