Firm Capital Mortgage Investment Corporation Announces Implementation of 2% Discount for Dividend Reinvestment Plan

TSX Symbol FC

TORONTO, Nov. 24, 2011 /CNW/ - Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC), today announced that it has made changes to its dividend reinvestment plan ("DRIP") that will allow investors to reinvest dividends paid on the Corporation's common shares at a 2% discount to the market price of the common shares on the TSX (calculated in accordance with the DRIP), provided that the market price is in excess of $10 per common share.  The discount will be in place for the dividend payable December 15, 2011 and will be automatically applied to participants' accounts.  To subscribe to the DRIP please contact your financial advisor. The board of directors reserves the right to adjust or terminate the discount program at any time in its discretion.

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.

SOURCE Firm Capital Mortgage Investment Corporation

For further information:

Firm Capital Mortgage Investment Corporation
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221


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