Firm Capital Mortgage Investment Corporation not impacted by recently announced changes to Canadian securities regulations

About this update from Firm Capital Mortgage Investment Corporation

[{"type":"text","content":"\n\n\nTSX Symbol FC\n\n\nTORONTO, Sept. 25, 2013 /CNW/ - Firm Capital Mortgage Investment\n Corporation (the \"Corporation\" or \"Firm Capital\") (TSX:FC) is pleased\n to announce that it is not affected by the recently announced changes\n to the Canadian securities regulations.\n\n\nThe Canadian Securities Administrators reviewed Mortgage Investment\n Corporations in Canada and concluded that certain Mortgage Investment\n Corporations should not be characterized as investment funds under\n applicable Canadian securities laws due to the nature of their\n investment activities. The Corporation has always been a regular\n reporting issuer, and not an investment fund, under applicable Canadian\n securities laws and, as such, is already in compliance with those new\n requirements. Although certain funds may be required to reorganize, no\n action is required by Firm Capital.\n\n\nFurthermore, the Canadian Securities Administrators have recently\n published proposed regulatory changes that would prevent any investment\n fund from investing in mortgages other than mortgages that are fully\n and unconditionally guaranteed by the government of Canada, the\n government of a province or territory of Canada or by an agency of such\n government, among other things. As the Corporation is not an investment\n fund, those proposed regulatory changes will not apply to Firm Capital.\n\n\nFirm Capital, and its predecessor entities, have been public since 1999,\n and have provided shareholders with the following investment\n attributes:\n\n\nTrailing 12 month dividend yield including year-end and special\n dividends of 8.25% per annum based on current dividends (Per annum\n based on Unit closing price @ $12.00 September 23, 2013);\n\n\nMonthly income and investment liquidity - traded on Toronto Stock\n Exchange (symbol FC);\n\n\n12 month average trading volume of 451,406 shares per month;\n\n\nDiversified portfolio of mortgage investments;\n\n\nDividend Reinvestment Plan (\"DRIP\");\n\n\nExperienced management and Board of Directors;\n\n\nAverage Annual Yield to shareholders since inception in 1999 is 9.3%;\n\n\nMonthly Trailing Dividend of $0.078 per share, $0.936 per annum plus\n special dividends. 2012 total dividends of $0.990 per share; and\n\n\nRigid Governance, Investment & Operating policies.\n\n\nFor an Investor Fact Sheet and to review...

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