Firm Capital Mortgage Investment Corporation announces monthly cash dividends

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[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation announces monthly cash dividends\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.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n\n\n\n\n\n\nFirm Capital Mortgage Investment Corporation announces monthly cash dividends\nCanada NewsWire\nTORONTO, Oct. 12, 2016\n\n\n\nTORONTO, Oct. 12, 2016 /CNW/ - Firm Capital Mortgage Investment Corporation (\"MIC\") (TSX: FC), announces its monthly cash dividend of $0.078 per share (subject to adjustment in the discretion of the board of directors) payable to shareholders of record as follows:\n\n\n\n\nRecord Date\n\n\nDividend Payable\n\n\n\nOctober 31, 2016\n\n\nNovember 15, 2016\n\n\n\nNovember 30, 2016\n\n\nDecember 15, 2016\n\n\nAbout The Corporation\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 Corporation is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada). Accordingly, The Corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by ...

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