Firm Capital Mortgage Investment Corporation Announces Redemption of 5.40% Debentures

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[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation Announces 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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 23, 2018\n\n\n\nTSX Symbol: FC\n/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Nov. 23, 2018 /CNW/ - Firm Capital Mortgage Investment Corporation (the \"Corporation\") (TSX: FC) is pleased to announce that it intends to redeem early its outstanding $25,738,000 aggregate principal amount of 5.40% convertible unsecured subordinated debentures of the Corporation (the \"Debentures\") due February 28, 2019, effective December 27, 2018 (the \"Redemption Date\"). The Debentures, which are listed and posted for trading on the Toronto Stock Exchange under the symbol FC.DB.B, will cease trading subsequent to the Redemption Date.  \nA redemption notice has been delivered to the Debenture trustee and provides for the cash redemption of the aggregate principal amount of $25,738,000 and all accrued and unpaid interest to but excluding the Redemption Date.\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.seda...

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