Firm Capital Mortgage Investment Trust - December and estimated special year-end distribution amounting to $0.173 per unit

About this update from Firm Capital Mortgage Investment Corporation

[{"type":"text","content":"\n\n\n\nTSX Symbol FC.UN\n\n\nTORONTO, Dec. 17 /CNW/ - Firm Capital Mortgage Investment Trust (the\n"Trust") (TSX: FC.UN) announced its monthly distribution for December in the\namount of $0.078 per unit. The Trust also announced an estimated special\nyear-end distribution (the "Special Distribution") of $0.095 per unit. These\ndistributions, totaling an estimated $0.173, are payable on January 15, 2008,\nto Unitholders of record on December 31, 2007.\n\n\nThe precise amount of the Special Distribution will be announced prior to\nthe payment date. The estimated Special Distribution recognizes that income\ngenerated exceeds year-to-date distributions earned on the Trust's mortgage\ninvestments. Accordingly, as the Trust's Declaration of Trust requires that it\ndistribute all taxable income earned in its fiscal year, a special year-end\ndistribution is necessary to meet this requirement for the year ended\nDecember 31, 2007. The Special Distribution is not indicative of future\nperformance.\n\n\nThe Trust has in place a Distribution Reinvestment Plan (DRIP) and Unit\nPurchase Plan that is available to its Unitholders. The plans allows\nparticipants to have their monthly cash distributions reinvested in additional\nTrust units and grants participants the right to purchase, without commission,\nadditional units, up to a maximum of $12,000 per annum.\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 financing, including construction, mezzanine and\nequity investments. The Trust's investment objective is the preservation of\nUnitholders' equity, while providing Unitholders with a stable stream of\nmonthly distributions from investments. The Trust achieves its investment\nobjectives by pursuing a strategy of growth through investments in selected\nniche markets that are under-serviced by large lending institutions. Lending\nactivities to date continue to develop a diversified mortgage portfolio,\nproducing a stable return to Unitholders.\n\n\n","length":2152,"tagName":"div"}]

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