Firm Capital Mortgage Investment Trust - December distribution amounting to $0.142 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. 18 /CNW/ - Firm Capital Mortgage Investment Trust (the\n\"Trust\") (TSX: FC.UN) announced its year end distribution in the amount of\n$0.142 per unit, payable on December 29, 2006 to Unitholders of record on\nDecember 29, 2006. The distribution includes the regular $0.076 monthly\ndistribution for December 2006 and an extra $0.066 per unit, consisting of\nexcess income over the year's distributions earned on the Trust's mortgage\ninvestments. Distributions to Unitholders for the 2006 year totalled $0.969\nper unit, an increase from $0.935 last year.\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 additional units.\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 mezzanine & 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. Lending activities to date\ncontinue to develop a diversified mortgage portfolio, producing a stable\nreturn to Unitholders.\n\n\n","length":1656,"tagName":"div"}]

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