Firm Capital Mortgage Investment Corporation Declares Cash Dividend for the Month of October and November, Payable on November 15, 2023 and December 15, 2023, Respectively
August 03, 2023 at 02:30 am IST
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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 (subject to adjustment at the discretion of the board of directors) payable on each dividend payment date set out to holders of common shares of record at the close of business on each record date set out: Record date is October 31, 2023 and November 30, 2023; Dividend payment date is November 15, 2023 and December 15, 2023, respectively.
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.
Firm Capital Mortgage Investment Corporation Declares Cash Dividend for the Month of October and November, Payable on November 15, 2023 and December 15, 2023, Respectively