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News from Marketwire

Firm Capital Mortgage Investment Trust Announces Monthly Cash Distributions

12:06 EDT Tuesday, July 21, 2009

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
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221


www.firmcapital.com

© Marketwire


 

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