Firm Capital Mortgage Investment Corporation closes $23 million Bought Deal Financing

March 26, 2019

On March 1, 2019, Firm Capital Mortgage Investment Corporation (“FCMIC”) (TSX: FC) closed its previously announced bought deal offering of 1,748,000 common shares at a price of $13.20 per share for a total of $23 million. The net proceeds of the offering are intended to be used to repay indebtedness and for general corporate purposes.

Headquartered in Toronto, ON, Canada, FCMIC, 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.

Miller Thomson advised FCMIC with respect to this financing with a team led by Lawrence Wilder (Capital Markets & Securities), and including Jonathan Tong (Capital Markets & Securities), Abid Ahmed (Financial Services), Victoria de Luna (Corporate), Neil Gurmurkh and Ron Choudhury (Corporate Tax).