Firm Capital Mortgage Investment Corporation Approves Cash Dividend for the Month of December 2023, Payable on or About January 15, 2024; Approves Monthly Cash Dividends for the First Quarter of 2024, Payable on February 15, 2024, March 15, 2024 and April 15, 2024
December 01, 2023 at 07:00 am
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Firm Capital Mortgage Investment Corporation announced that it has declared and approved its monthly cash dividend on its outstanding common shares for December 2023 of $0.078 per share. Combined with the Special Dividend, these cash dividends, totaling an estimated $0.132 per share, are payable on or about January 15, 2024, to holders of shares of record at the close of business on December 31, 2023.
The Corporation is also announced that its board of directors has declared and approved monthly cash dividends of $0.078 per share for the first quarter of 2024. Record dates are January 31, 2024, February 29, 2024 and March 31, 2024. Dividend payment dates are February 15, 2024, March 15, 2024 and April 15, 2024.
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 Approves Cash Dividend for the Month of December 2023, Payable on or About January 15, 2024; Approves Monthly Cash Dividends for the First Quarter of 2024, Payable on February 15, 2024, March 15, 2024 and April 15, 2024