Firm Capital Mortgage Investment Trust announces monthly cash distributions



    TSX Symbol FC.UN

    TORONTO, Aug. 20 /CNW/ - Firm Capital Mortgage Investment Trust (the
"Trust") (TSX FC.UN), announced its monthly cash distribution of $0.078 per
unit for the Unit holders of record as per the following:

    
                        Record Date             Payable
                        -----------             -------
    August 2008         August 31, 2008         September 15, 2008
    September 2008      September 30, 2008      October 15, 2008
    October 2008        October 31, 2008        November 17, 2008
    November 2008       November 30, 2008       December 15, 2008
    

    The Trust, through its Mortgage Banker, Firm Capital Corporation, is a
non-bank lender providing residential and commercial short-term bridge and
conventional real estate finance, including construction, mezzanine and equity
investments. The Trust's investment objective is the preservation of
Unitholders' equity, while providing Unitholders with a stable stream of
monthly distributions from investments. The Trust achieves its investment
objectives by pursuing a strategy of growth 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 Unitholders. For more information, please visit
www.firmcapital.com





For further information:

For further information: Eli Dadouch, President & Chief Executive
Officer, (416) 635-0221, www.firmcapital.com


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