Firm Capital Mortgage Investment Corporation Announces Partial Exercise of Over-Allotment Option

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[{"type":"text","content":"Firm Capital Mortgage Investment Corporation Announces Partial Exercise of Over-Allotment Option\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n \n\n TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that the underwriters of its offering of 5.50% convertible unsecured subordinated debentures due December 31, 2032 exercised, in part, their previously disclosed over-allotment option, resulting in the issue of an additional $3,150,000 aggregate principal amount of debentures. The exercise of the over-allotment option brings the total aggregate principal amount of such debentures issued by the Corporation to $28,150,000. The debentures are listed on the Toronto Stock Exchange under the symbol “FC.DB.M”.\n \n\n The underwriting syndicate for the offering of debentures was bookrun by CIBC Capital Markets and TD Securities Inc., and included Canaccord Genuity Corp., National Bank Financial Inc., RBC Capital Markets, Scotiabank, ATB Securities Inc., Desjardins Securities Inc., iA Private Wealth Inc., Raymond James Ltd. and Ventum Financial Corp.\n \n\n The net proceeds from the exercise of the over-allotment option will be used by the Corporation to repay indebtedness.\n \n\n The details of the debentures are described in the Corporation’s press release issued on October 14, 2025 in connection with the closing of the offering of the debentures and the Corporation’s prospectus supplement dated October 8, 2025 supplementing the Corporation’s short form base shelf prospectus dated July 29, 2024 (collectively, the “Prospectus”) filed with Canadian securities commissions or similar regulatory authorities of each province of Canada. A copy of the Prospectus is available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.\n \n\n No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States, its possessions and other areas subject to its juri...

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