Firm Capital Mortgage Investment Corporation Announces Monthly Cash Dividends

Core Points - Firm Capital Mortgage Investment Corporation announced a monthly cash dividend of $0.078 per share, with specific record and payable dates for the upcoming months [1] - The Corporation operates as a non-bank lender, focusing on residential and commercial short-term bridge and conventional real estate financing, including construction and equity investments [2] - 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 [2] Dividend and Share Purchase Plan - The Corporation has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in additional shares at a discounted price of 97% of the weighted average trading price, with no commission costs [1] - Participants in the Share Purchase Plan can purchase additional shares, with a maximum of $12,000 per year and a minimum of $250 per month, also with no commission fees [1] Taxation and Financial Reporting - As a Mortgage Investment Corporation (MIC), the Corporation is not taxed on income as long as taxable income is distributed to shareholders as dividends within 90 days after year-end [2] - Dividends are generally treated as interest income for shareholders, aligning their position with direct mortgage investments [2] - Full financial results and management discussions are available on the SEDAR website and the Corporation's website [2]