Firm Capital Mortgage Investment Corporation Completes $22 Million Bought Deal Financing

Core Points - Firm Capital Mortgage Investment Corporation has successfully closed a bought deal public offering of 1,950,000 common shares at a price of $11.30 per share, resulting in gross proceeds of $22,035,000 [1] - The net proceeds from the offering will be utilized to repay indebtedness [2] - The underwriters have been granted an over-allotment option to purchase up to an additional 292,500 common shares within 30 days following the closing [1] Company Overview - Firm Capital Mortgage Investment Corporation operates as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments [4] - The corporation aims to preserve shareholders' equity while providing a stable stream of monthly dividends through investments in niche markets that are underserved by larger lending institutions [4] - The corporation's lending activities have led to the development of a diversified mortgage portfolio, producing stable returns for shareholders [4]