TSX Symbol FC.UN TORONTO, Dec. 15 /CNW/ - Firm Capital Mortgage Investment Trust (the "Trust") (TSX: FC.UN) announced its year end distribution in the amount of $0.11 per unit, payable on December 30, 2005 to Unitholders of record on December 30, 2005. The distribution includes the regular $0.075 monthly distribution for December 2005 and an extra $0.035 per unit, consisting of excess income over the year's distributions earned on the Trust's mortgage investments. Distributions to Unitholders for the 2005 year totalled $0.935 per unit, the same as last year. Commencing on July 1, 2005, the Trust commenced recognizing mortgage commitment fees over the term of the related loan where such fees exceed $4,000 individually. The unrecognized component of the fees is recorded as unearned income on the Trust's balance sheet and is expected to total approximately $240,000 by December 31, 2005. The Trust has in place a Distribution Reinvestment Plan (DRIP) and Unit Purchase Plan that is available to its Unitholders. The plans allows participants to have their monthly cash distributions reinvested in additional Trust units and grants participants the right to purchase additional units. 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 financing, including mezzanine & 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.