/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
TSX Symbol: FC
TORONTO, June 14, 2016 /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
|
4,038,102
|
91.61
|
369,954
|
8.39
|
|
Eli
Dadouch
|
4,367,391
|
99.08
|
40,665
|
0.92
|
|
Morris
Fischtein
|
4,007,818
|
90.92
|
400,238
|
9.08
|
|
Edward
Gilbert
|
4,354,942
|
98.80
|
53,114
|
1.20
|
|
Stanley
Goldfarb
|
4,324,581
|
98.11
|
83,475
|
1.89
|
|
Anthony
Heller
|
4,309,664
|
97.77
|
98,392
|
2.23
|
|
Jonathan
Mair
|
4,328,041
|
98.18
|
80,015
|
1.82
|
|
Hon. Joe Oliver,
P.C.
|
4,356,562
|
98.83
|
51,494
|
1.17
|
|
Keith Ray
|
4,356,892
|
98.84
|
51,164
|
1.16
|
|
Lawrence
Shulman
|
4,383,266
|
99.44
|
24,790
|
0.56
|
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'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. The Corporation is a Mortgage Investment Corporation
(MIC) as defined in the Income Tax Act (Canada). 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
Corporation, available on the SEDAR website at www.sedar.com.
In addition, supplemental information is available on Corporation's
website at www.firmcapital.com.
SOURCE Firm Capital Mortgage Investment Corporation
