Firm Capital Mortgage Investment Corporation Declares Monthly Cash Dividend, Payable on February 15, 2021, March 15, 2021 and April 15, 2021
January 07, 2021 at 10:45 pm
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Firm Capital Mortgage Investment Corporation announced that its board of directors has declared a monthly cash dividend of $0.078 per common share, payable on February 15, 2021, March 15, 2021 and April 15, 2021. The record date is January 31, 2021, February 28, 2021 and March 31, 2021.
Firm Capital Mortgage Investment Corporation is a Canada-based company. The Company, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing. It specializes in three investment areas: Mortgage Operations, Real Estate Operations and Special Situation Investments. Its investment objective is the preservation of shareholders' capital while providing shareholders with a stable stream of monthly dividends from the Company's investments. The Company achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. FCC provides loan origination, underwriting, loan servicing, and syndication services. Its investment portfolio includes conventional first mortgages; conventional non-first mortgages; related debt investments; debtor in possession loan, and non-conventional mortgages.