Firm Capital Mortgage Investment Trust announces completion of unit financing

About this update from Firm Capital Mortgage Investment Corporation

[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 2 /CNW/ - Firm Capital Mortgage Investment Trust (the\n"Trust") (TSX:FC.UN) announced today that it has completed its previously\nannounced sale, on a private placement basis, of 724,120 trust units of the\nTrust at a price of $10.25 per trust unit, for total gross proceeds of\napproximately $7.4 million.\n\n\nIt is anticipated that the proceeds from the offering will initially be\nused for recently announced investment and ongoing investment commitments.\n\n\nThe securities offered have not been registered under the U.S. Securities\nAct of 1933, as amended, and may not be offered or sold in the United States\nabsent registration or an applicable exemption from the registration\nrequirements. This press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the securities\nin any State in which such offer, solicitation or sale would be unlawful.\n\n\nThe Trust, through its Mortgage Banker, Firm Capital Corporation, is a\nnon-bank lender providing residential and commercial short-term bridge and\nconventional real estate finance, including mezzanine and equity investments.\nThe Trust's investment objective is the preservation of Unitholders' equity,\nwhile providing Unitholders with a stable stream of monthly distributions from\ninvestments. The Trust achieves its investment objectives by pursuing a\nstrategy of growth through investments in selected niche markets that are\nunder-serviced by large lending institutions.\n\n\n","length":1580,"tagName":"div"}]

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