Firm Capital Mortgage Investment Corporation Closes $23 Million Bought Deal Financing

TORONTO, March 01, 2019 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that it has closed its previously introduced bought deal imparting (the “Offering”) of one,748,000 commonplace stocks (the “Offered Shares”) at a charge of $13.20 in keeping with Offered Share, which incorporates the workout in full using the Underwriters (as described hereinafter) of their choice to purchase as much as 228,000 extra Offered Shares. The Offered Shares have been listed and posted for buying and selling at the Toronto Stock Exchange at the trading hole nowadays.

The Offering became underwritten by a syndicate of underwriters that became led by using CIBC Capital Markets, National Bank Financial Inc., And Scotiabank, and which covered RBC Capital Markets, TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Industrial Alliance Securities Inc., Echelon Wealth Partners Inc., And GMP Securities L.P.

The net proceeds of the Offering are intended for use to pay off indebtedness and for standard company functions. The Corporation, via its loan banker, Firm Capital Corporation, is a non-bank lender presenting residential and industrial brief-time period bridge and traditional real property financing, inclusive of production, mezzanine, and fairness investments. The Corporation’s funding objective is to protect Shareholders’ fairness while providing Shareholders with a solid circulation of monthly dividends from investments. The Corporation achieves its funding targets via investments in the selected area of interest markets that are underserviced using large lending establishments. Lending sports thus far maintain to develop a varied mortgage portfolio, producing a solid return to Shareholders. Full reports of the financial outcomes of the Corporation for the year are outlined in the audited monetary statements and the related management’s discussion and evaluation of Firm Capital, available on the SEDAR internet site at www.Sedar.Com. Also, supplemental data is to be had on Firm Capital’s internet site at www.Firmcapital.Com.

This information launch incorporates ahead-searching statements within the that means of applicable securities laws along with, among others, comments concerning our goals, our techniques to gain those goals, our performance, our mortgage portfolio, and our distributions, as well as statements with appreciation to management’s beliefs, estimates and intentions, and similar statements concerning anticipated future occasions, consequences, occasions, overall performance or expectations that aren’t historical records. Forward-searching statements generally may be diagnosed with the aid of the usage of forward-looking terminology, which includes “outlook,” “objective,” “may additionally,” “will,” “count on,” “reason,” “estimate,” “assume,” “believe,” “have to,” “plans” or “continue” or comparable expressions suggesting destiny results or occasions. Such ahead-looking statements include the Corporation’s proposed use of the net proceeds of the Offering and mirror control’s current beliefs. They are primarily based on information currently to be had to manage.


These statements aren’t guarantees of future performance and are based on our estimates and assumptions, which might be a problem to risks and uncertainties, such as those described in the Corporation’s brief form base shelf prospectus dated July 17, 2017, the prospectus complement thereto dated February 15, 2019, and the Corporation’s annual statistics form for the 12 months ended December 31, 2017, underneath “Risk Factors” (copies of that could both be acquired at www.Sedar.Com). Those dangers and uncertainties encompass, among others, hazards associated with the potential of the Corporation to allocate the internet proceeds of the Offering as said above, loan lending, dependence on the Corporation’s supervisor and mortgage banker, opposition for mortgage lending, actual estate values, hobby rate fluctuations, environmental matters, shareholder liability and the creation of latest tax policies.

Material factors or assumptions that had been carried out in drawing a conclusion or making an estimate set out within the forward-searching statistics encompass that ok mortgage funding possibilities are supplied to the Corporation. Good enough bank indebtedness and financial institution loans are to be had to the Corporation. Although the ahead-looking facts endured on this new release are based upon what control believes are affordable assumptions, there may be no warranty that actual outcomes and performance can be consistent with those ahead-looking statements.

All ahead-looking statements in this information release are certified through those cautionary statements. Except as required by relevant regulation, the Corporation undertakes no obligation to publicly replace or revise any forward-looking declaration publicly, whether due to the latest facts, future events, or otherwise.

This press release shall now not constitute a proposal to promote or solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction wherein such provide, solicitation, or sale could be unlawful.

The securities being supplied have no longer been and will now not be registered below the US Securities Act of 1933 and consequently will not be provided, offered, or added, at once or not directly within the United States, its possessions and different regions subject to its jurisdiction or to, or for the account or the gain of a U.S. Individual, besides in constrained occasions.

No securities regulatory authority has both accredited or disapproved of the contents of this press launch. This press release shall not represent a proposal to promote or the solicitation of a project to buy, nor shall there be any sale of the securities stated herein in any country or jurisdiction wherein such provide, solicitation, or sale would be unlawful previous to registration or qualification under the securities laws of one of this kingdom or sovereignty.

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