Firm Capital Mortgage Investment Corporation closes $23 million bought deal financing

March 29, 2017

On March 28, 2017, Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) announced that it had closed its previously announced bought deal prospectus offering of common shares, including the exercise in full by the underwriters of their option to purchase additional shares, for proceeds of $23,025,300.

The offering was underwritten by a syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets, and which included Scotiabank, National Bank Financial Inc., RBC Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Industrial Alliance Securities Inc.

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.

Miller Thomson advised the Corporation with respect to this financing with a team that included Lawrence Wilder, Tom Koutoulakis and Jonathan Tong (corporate/securities) and Ron Choudhury (tax).