Firm Capital Mortgage Investment Corporation Announces Results of Voting at Annual Meeting

/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TSX Symbol: FC

TORONTO, June 29, 2015 /CNW/ - Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) today announced that at the annual meeting (the "Meeting") of shareholders of the Corporation held earlier today, all director nominees were elected as directors of the Corporation, as follows:

Nominee

Votes "For"

% Votes "For"

Votes "Withheld"

% of Votes "Withheld"

Geoffrey Bledin

2,138,988

74.81

720,343

25.19

Eli Dadouch

2,826,097

98.84

33,234

1.16

Morris Fischtein

2,793,694

97.70

65,637

2.30

Edward Gilbert

2,794,204

97.72

65,127

2.28

Stanley Goldfarb

2,792,904

97.68

66,427

2.32

Anthony Heller

2,147,342

75.10

711,989

24.90

Jonathan Mair

2,828,718

98.93

30,613

1.07

Lawrence Shulman

2,826,029

98.84

33,302

1.16

Keith Ray

2,805,987

98.13

53,344

1.87

All other matters considered by shareholders at the Meeting were also approved, the details of which are contained in the Report on Voting Results regarding the Meeting filed by the Corporation on SEDAR at www.sedar.com.

About Firm Capital Mortgage Investment 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. The Corporation is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act. Accordingly, The Corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. 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, www.firmcapital.com

RELATED LINKS
www.firmcapital.com

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