/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
TSX Symbol:
FC
TORONTO, June 19, 2017 /CNW/ - Firm Capital
Mortgage Investment Corporation (the "Corporation") (TSX:
FC) today announced that at the annual and special
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
|
3,654,477
|
98.92
|
39,806
|
1.08
|
|
Eli Dadouch
|
3,685,999
|
99.78
|
8,284
|
0.22
|
|
Morris Fischtein
|
3,658,514
|
99.03
|
35,769
|
0.97
|
|
Edward Gilbert
|
3,676,508
|
99.52
|
17,775
|
0.48
|
|
Stanley Goldfarb
|
3,679,844
|
99.61
|
14,439
|
0.39
|
|
Anthony Heller
|
3,646,182
|
98.70
|
48,101
|
1.30
|
|
Jonathan Mair
|
3,679,816
|
99.61
|
14,467
|
0.39
|
|
Hon. Joe Oliver, P.C.
|
2,004,254
|
54.25
|
1,690,029
|
45.75
|
|
Keith Ray
|
3,687,011
|
99.80
|
7,272
|
0.20
|
|
Lawrence Shulman
|
3,679,864
|
99.61
|
14,419
|
0.39
|
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 the Corporation
Where Mortgage Deals Get
Done®
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 has been listed on the Toronto Stock
Exchange since 1999 under the ticker symbol 'FC'. 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.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements
within the meaning of applicable securities laws including, among
others, statements concerning our objectives, our strategies to
achieve those objectives, our performance, our mortgage portfolio
and our dividends, as well as statements with respect to
management's beliefs, estimates, and intentions, and similar
statements concerning anticipated future events, results,
circumstances, performance or expectations that are not historical
facts. Forward-looking statements generally can be identified by
the use of forward-looking terminology such as "outlook",
"objective", "may", "will", "expect", "intent", "estimate",
"anticipate", "believe", "should", "plans" or "continue" or similar
expressions suggesting future outcomes or events. Such
forward-looking statements reflect management's current beliefs and
are based on information currently available to
management.
These statements are not guarantees of future performance
and are based on our estimates and assumptions that are subject to
risks and uncertainties, including those described in our Annual
Information Form under "Risk Factors" (a copy of which can be
obtained at www.sedar.com), which could cause our actual results
and performance to differ materially from the forward-looking
statements contained in this release. Those risks and uncertainties
include, among others, risks associated with mortgage lending,
dependence on the Corporation's mic manager and mortgage banker,
competition for mortgage lending, real estate values, interest rate
fluctuations, environmental matters, Shareholder liability and the
introduction of new tax rules. Material factors or assumptions that
were applied in drawing a conclusion or making an estimate set out
in the forward-looking information include, among others, that the
Corporation is able to invest in mortgages at rates consistent with
rates historically achieved; adequate mortgage investment
opportunities are presented to the Corporation; and adequate bank
indebtedness and bank loans are available to the Corporation.
Although the forward-looking information continued in this news
release is based upon what management believes are reasonable
assumptions, there can be no assurance that actual results and
performance will be consistent with these forward-looking
statements.
All forward-looking statements in this news release are
qualified by these cautionary statements. Except as required by
applicable law, the Corporation undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
SOURCE Firm Capital Mortgage Investment Corporation
