TORONTO, CANADA--(Marketwire - July 21, 2009) - Firm Capital Mortgage Investment Trust (the "Trust") (TSX:FC.UN), announced its monthly cash distribution of $0.078 per unit for the Unitholders of record as per the following:
Record Date Payable ----------- ------- July 31, 2009 August 17, 2009 August 31, 2009 September 15, 2009 September 30, 2009 October 15, 2009 October 31, 2009 November 16, 2009 November 30, 2009 December 15, 2009
The Trust, through its Mortgage Banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate finance, including construction, mezzanine and equity investments. The Trust's investment objective is the preservation of Unitholders' equity, while providing Unitholders with a stable stream of monthly distributions from investments. The Trust achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Unitholders. For more information, please visit www.firmcapital.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Firm Capital Mortgage Investment Trust
President & Chief Executive Officer