The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Firm Capital Mortgage Investment Trust Announces Monthly Cash Distributions

Tuesday, May 18, 2010

Firm Capital Mortgage Investment Trust Announces Monthly Cash Distributions12:11 EDT Tuesday, May 18, 2010 TORONTO, ONTARIO--(Marketwire - May 18, 2010) - Firm Capital Mortgage Investment Trust (the "Trust") (TSX:FC.UN), announced its monthly cash distribution of $0.078 per unit for the Unit holders of record as per the following: Record Date Payable ------------- --------------- May 31, 2010 June 15, 2010 June 30, 2010 July 15, 2010 July 31, 2010 August 16, 2010 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 finance, 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. For more information, please visit FOR FURTHER INFORMATION PLEASE CONTACT: Firm Capital Mortgage Investment Trust Eli Dadouch President & Chief Executive Officer (416) 635-0221