TSX Symbol FC.UN
TORONTO, June 26 /CNW/ - Firm Capital Mortgage Investment Trust (the "Trust") (TSX FC.UN), today announced the appointment of Geoffrey Bledin as an additional independent trustee to its Board of Trustees. From 1990 until his retirement in December 2007, Mr. Bledin held the position of President and Chief Executive Officer and, most recently, the Vice Chairman of The Equitable Trust Company and its Toronto Stock Exchange listed parent, Equitable Group Inc. Mr. Bledin, a chartered accountant by profession, is the Vice Chairman and a Member of the Board of Directors Mount Sinai Hospital in Toronto. Mr. Bledin is also a past member of the board and past Chair of the investment committee of Baycrest Hospital.
Eli Dadouch, President & CEO of the Trust, stated, "we are pleased to announce the appointment of Geoffrey Bledin as a member of the Board of Trustees. With experience as a chartered accountant and in running a publicly listed financial institution, we believe that Geoffrey will bring added experience to the Trust."
ABOUT THE TRUST
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The Trust, through its Mortgage Banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine and equity investments. The Trust's investment objective is the preservation of Unitholders' equity, while providing Unitholders with a stable stream of monthly distributions from investments. The Trust achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Unitholders.