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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 www.firmcapital.com. FOR FURTHER INFORMATION PLEASE CONTACT: Firm Capital Mortgage Investment Trust Eli Dadouch President & Chief Executive Officer (416) 635-0221 www.firmcapital.com