Firm Capital Mortgage Investment Corporation - December and estimated special year-end dividend amounting to $0.132 per share

    




 TSX Symbol FC 

 TORONTO, Dec. 16, 2011 /CNW/ - Firm Capital Mortgage Investment  Corporation (the "Corporation")  announced its monthly cash  dividend for December in the amount of $0.078 per share. The  Corporation also announced an estimated special year-end cash dividend  (the "Special Dividend") of $0.054 per share. These cash dividends,  totaling an estimated $0.132 per share are payable on January 16, 2012,  to Shareholders of record on December 31, 2011. 

 The precise amount of the Special Dividend will be confirmed prior to  the payment date. The estimated Special Dividend recognizes that net  income generated by the Corporation exceeds year-to-date dividends paid  to Shareholders. The Special Dividend is not indicative of future  performance. 

 DIVIDEND OVERVIEW 2011: Regular monthly cash dividends for 2011 equalled $.078 per month, for a  total $0.936 per share, which, together with the year-end Special  Dividend of $0.054, represents total cash dividends for 2011 of $0.99  per share. 

 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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