Firm Capital Mortgage Investment Trust Closes Exercise of Underwriters' Over-Allotment Option

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[{"type":"text","content":"\n\n\n\n Nov. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Symbol: FC.UN\n\n\n/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n THE UNITED STATES/\n\n\nTORONTO, Nov. 5 /CNW/ - Firm Capital Mortgage Investment Trust ("the\n Trust") (TSX: FC.UN) today announced that it has issued an additional\n $3,943,000 principal amount of 5.75% convertible unsecured subordinated\n debentures, due October 31, 2017 (the "Debentures") pursuant to the\n exercise of the over-allotment option granted to the underwriters in\n connection with the Trust's previously announced offering of\n $27,500,000 aggregate principal amount of Debentures, which closed on\n October 13, 2010.  Each Debenture is convertible into Units at the\n option of the holder at a conversion price of $15.90 per unit (or\n 62.8931 Units per $1,000 principal amount of Debentures).  The\n Debentures are listed and posted for trading on the TSX under the\n symbol FC.DB.A.\n\n\nThe offering was underwritten by a syndicate of underwriters led by TD\n Securities Inc. and including CIBC World Markets Inc., Dundee\n Securities Corporation, Canaccord Genuity Corp., Desjardins Securities\n Inc., and National Bank Financial Inc.\n\n\nThe net proceeds of the offering will be used to repay debt, to fund\n future mortgage investments and for general Trust purposes.\n\n\nThe securities being offered have not been and will not be registered\n under the United States Securities Act of...

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