TORONTO, Sept. 29 /CNW/ - Firm Capital Mortgage Investment Trust (the "Trust") (TSX: FC.UN) announced that it is increasing the monthly distribution on its outstanding trust units from $0.075 per unit to $0.076 per unit, effective commencing with the October 2006 distribution, which is payable on November 15, 2006 to unitholders of record on October 31, 2006. This press release contains certain forward-looking statements. These forward-looking statements include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the sustainability of earnings and financial results of the Trust and the Trust's intentions regarding its distributions. These forward-looking statements involve numerous assumptions, risks and uncertainties with respect to, among other things, the results of operations of the Trust, sustainability of distributions and related matters, and actual results may vary materially.