Firstfund Reports 2017 Second Quarter Results

Trading Symbol: FFP

VANCOUVER, Aug. 29, 2017 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended June 30, 2017 show a net income of $706 or $0.00 per share (2016 - $1,423 or $0.00 per share) on revenues of $82,854 (2016 - $79,716).  The Company's fee income increased to $82,198 for the three months ended June 30, 2017 (2016 - $78,814).  The Company's expenses increased to $82,148 for the three months ended June 30, 2017 (2016 - $78,293) as the Company recognized a foreign exchange loss of $2,937 (2016 - foreign exchange gain of $101) primarily on the Company's accounts receivable denominated in US dollars due to a strengthening of the Canadian dollar against the US currency.

The Company's condensed consolidated interim financial statements and management's discussion and analysis for the six months ended June 30, 2017 and 2016 are available on SEDAR at www.sedar.com.

On behalf of the Board of                                          
CONSOLIDATED FIRSTFUND CAPITAL CORP.

"W. Douglas Grant" (signed)
______________________________
W. Douglas Grant, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Consolidated Firstfund Capital Corp.

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