Frontenac Mortgage Investment Corporation Announces the Resignation of Member of Board of Directors, Kevin Corcoran

SHARBOT LAKE, ON, Nov. 8, 2011 /CNW/ - Frontenac Mortgage Investment Corporation announced the resignation of Mr. Kevin Corcoran from the Board of Directors.

Mr. Corcoran tendered his resignation on July 12, 2011 after having dutifully served for several years. It was with great regret that the organization accepted his resignation.  His position on the Board of Directors remains vacant.

FMIC, a mortgage investment corporation, is a fixed-income product that offers investors an opportunity to generate as much income as possible while preserving capital for re-investment.  The corporation pools investor funds and invests them into mortgages in Ontario - historically in Eastern Ontario.  FMIC invests in mortgages that schedule A banks do not service, such as mortgages on homes that are being constructed or renovated, mortgages for self-employed people or people with distant credit problems, second homes and rural properties with wells and septic systems.

The fund has been in existence in one form or another for 28 years and has had only positive returns, generally between 6 - 7%.

The fund can be purchased by Financial Advisors on behalf of their clients through FundServe.  Individuals can contact our office at 1-877-279-2116 or through our website at www.fmic.ca.  We encourage all investors to perform due diligence on any company, advisor or broker before investing their money.

SOURCE Frontenac Mortgage Investment Corporation

For further information:

Wayne A. Robinson, CEO
Frontenac Mortgage Investment Corporation
Tel.:  1-877-279-2116

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Frontenac Mortgage Investment Corporation

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