Firstfund Reports 2016 First Quarter Results

Trading Symbol: FFP

VANCOUVER, May 30, 2016 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended March 31, 2016 show a net income of $5,620 or $0.00 per share (2015 - $28,894 or $0.00 per share) on revenues of $84,774 (2015 - $76,774).  The Company's fee income was $83,990 for the three months ended March 31, 2016 (2015 - $75,968).  The Company's expenses increased to $79,154 for the three months ended March 31, 2016 (2015 - $47,880) as the Company recognized a foreign exchange loss of $9,494 (2015 - foreign exchange gain of $18,813) primarily on the Company's accounts receivable denominated in US dollars due to a strengthening of the Canadian dollar against the US currency.

The Company's condensed consolidated interim financial statements and management's discussion and analysis for the three months ended March 31, 2016 and 2015 are available on SEDAR at www.sedar.com.

On behalf of the Board of        
CONSOLIDATED FIRSTFUND CAPITAL CORP.

"W. Douglas Grant" (signed)
______________________________ 
W. Douglas Grant, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Consolidated Firstfund Capital Corp.

For further information: W. Douglas Grant, President & CEO at (604) 683-6611 or info@firstfund.ca


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