Core Points - Firm Capital Mortgage Investment Corporation has declared a special year-end dividend of $0.056 per common share, in addition to the regular December 2024 dividend, totaling $0.134 per common share, payable on January 15, 2025 [1][2] - The special year-end dividend is a result of the Corporation's annual income in 2024 exceeding regular dividends, ensuring the distribution of all taxable income [2] - Total dividends paid to common shareholders in 2024 amounted to $0.992 per common share, reflecting a slight increase from the previous year [3] Dividend Information - Monthly cash dividends of $0.078 per common share have been declared, with payment dates set for January 31, February 28, and March 31, 2025 [4] - The Corporation's investment objective focuses on preserving shareholders' equity while providing a stable stream of monthly dividends from investments [5] 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 [5] - The Corporation is classified as a Mortgage Investment Corporation (MIC) under the Income Tax Act (Canada), allowing it to avoid taxation on income if distributed to shareholders as dividends within 90 days after year-end [5]
Confirmation of Special Year-End Dividend Amount