Firm Capital Mortgage Investment Corporation Announces a Special Dividend, Bringing the 2024 YTD Total to $0.992/Share

Core Points - Firm Capital Mortgage Investment Corporation announced a special year-end cash dividend of $0.056 per share for 2024, with total dividends declared and paid for the year amounting to $0.992 per share [2] - The monthly cash dividend for December 2024 is set at $0.078 per share, bringing the total estimated cash dividends for December to $0.134 per share, payable on or about January 15, 2025 [3] - The board of directors has approved monthly cash dividends of $0.078 per share for Q1 2025, with specific payment dates outlined [4] 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 investment objective of the Corporation is to preserve shareholders' equity while providing a stable stream of monthly dividends from investments in niche markets underserved by large lending institutions [4] - The Corporation is classified as a Mortgage Investment Corporation (MIC) under the Income Tax Act (Canada), allowing it to avoid taxation on income as long as it distributes taxable income to shareholders within 90 days after year-end [4]