Firm Capital Mortgage Investment Corporation - Confirmation of Special Year-End Dividend Amount and Reminder to Shareholders ...

    




 TSX Symbol FC 

 TORONTO, Jan. 10, 2012 /CNW/ - Firm Capital Mortgage Investment  Corporation (the "Corporation")  confirmed the previously  announced special year-end dividend of $0.054 per share. The December  and special year-end dividend, that total $0.132 per share, will be  payable on January 16, 2012 to Shareholders of record on December 31,  2011. 

 The special year-end dividend recognizes that the annual income  generated in 2011 exceeded regular dividends. Accordingly, a special  year-end dividend is necessary to distribute all of the Corporation's  income earned in 2011. The Special Dividend is not indicative of future  performance by the Corporation. 

 Total dividends paid to Shareholders in 2011, including the December and  special year-end dividends, will amount to $0.99 per share. 

 Shareholders are reminded that they can participate in the Corporation's  Dividend Reinvestment Plan and Share Purchase Plan. 

 DIVIDEND REINVESTMENT PLAN (DRIP) The plan allows participants to have their monthly cash dividends  reinvested in additional shares. The Price paid per share is 98% of the  weighted average trading price calculated five trading days immediately  preceding each dividend date with no commission cost. 

 SHARE PURCHASE PLAN Once registered with the Plan, participants have the right to purchase  additional shares, totalling no greater than $12,000 per year and no  less than $250 per month.  Shareholders participating pay no  commission. 

 For further information, including answers to frequently asked questions  about the program, please refer to our website: www.Firmcapital.com, and tab under the banner Firm Capital Mortgage Investment Corporation.  To enrol, please contact your investment advisor or if you are a  registered Shareholder complete the Authorization Form located on our  website and forward to our transfer Agent, Computershare Trust Company  of Canada, at the address noted on the web site. You can also contact  Investor Relations at the Corporation by calling 416-635-0221, who will  assist you in enrolling in the program. 

 ABOUT THE CORPORATION The Corporation, 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 construction,  mezzanine and equity investments. The Corporation's investment  objective is the preservation of Shareholders' equity, while providing  Shareholders with a stable stream of monthly dividends from  investments. The Corporation achieves its investment objectives 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  Shareholders. Full reports of the financial results of the Corporation  for the year are outlined in the audited financial statements and the  related management discussion and analysis of Firm Capital, available  on the SEDAR website at www.sedar.com.  In addition, supplemental information is available on Firm Capital's  website at www.firmcapital.com. 

 Forward-Looking Statements This news release contains forward-looking statements within the meaning  of applicable securities laws including, among others, statements  concerning our objectives, our strategies to achieve those objectives,  our performance, our mortgage portfolio and our dividends, as well as  statements with respect to management's beliefs, estimates, and  intentions, and similar statements concerning anticipated future  events, results, circumstances, performance or expectations that are  not historical facts.  Forward-looking statements generally can be  identified by the use of forward-looking terminology such as "outlook",  "objective", "may", "will", "expect", "intent", "estimate",  "anticipate", "believe", "should", "plans" or "continue" or similar  expressions suggesting future outcomes or events.  Such forward-looking  statements reflect management's current beliefs and are based on  information currently available to management. 

 These statements are not guarantees of future performance and are based  on our estimates and assumptions that are subject to risks and  uncertainties, including those described in our Annual Information Form  under "Risk Factors" (a copy of which can be obtained at  www.sedar.com), which could cause our actual results and performance to  differ materially from the forward-looking statements contained in this  circular.  Those risks and uncertainties include, among others, risks  associated with mortgage lending, dependence on the Corporation's mic  manager and mortgage banker, competition for mortgage lending, real  estate values, interest rate fluctuations, environmental matters,  Shareholdertholder liability and the introduction of new tax rules.   Material factors or assumptions that were applied in drawing a  conclusion or making an estimate set out in the forward-looking  information include, among others, that the Corporation is able to  invest in mortgages at rates consistent with rates historically  achieved; adequate mortgage investment opportunities are presented to  the Corporation; and adequate bank indebtedness and bank loans are  available to the Corporation.  Although the forward-looking information  continued in this new release is based upon what management believes  are reasonable assumptions, there can be no assurance that actual  results and performance will be consistent with these forward-looking  statements. 

 All forward-looking statements in this news release are qualified by  these cautionary statements.  Except as required by applicable law, the  Corporation undertakes no obligation to publicly update or revise any  forward-looking statement, whether as a result of new information,  future events or otherwise. 

Firm Capital Mortgage Investment Corporation


CONTACT:  Firm Capital Mortgage Investment CorporationEli DadouchPresident & Chief Executive Officer(416) 635-0221 


    

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