Firm Capital Mortgage Investment Corporation Announces Election of Directors - Latest Global News

Firm Capital Mortgage Investment Corporation Announces Election of Directors

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TORONTO, June 10, 2024 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Group”) (TSX: FC) announced today that at its Annual and Special Meeting (the “Meet”) of the Company’s shareholders held earlier today, all nominees for the Board of Directors were elected to the Board of Directors of the Company as follows:

Nominated Votes “For” % Votes “For” Voices
% of votes
Geoffrey Bledin 8,150,536 98.48% 126,090 1.52%
Eli Dadouch 8,158,145 98.57% 118,481 1.43%
Morris Fishstone 8,109,522 97.98% 167,104 2.02%
Stanley Goldfarb 7,914,433 95.62% 362,193 4.38%
Victoria Granovski 8,136,355 98.31% 140,271 1.69%
Anthony Heller 8,099,125 97.86% 177,501 2.14%
Jonathan Mair 7,953,362 96.09% 323,264 3.91%
The Honourable Francis Newbould 8,119,044 98.10% 157,582 1.90%
Hon. Joe Oliver, PC 8,119,392 98.10% 157,234 1.90%
Keith Ray 8,118,916 98.09% 157,710 1.91%
Lawrence Shulman 8,113,281 98.03% 163,345 1.97%
Michael Warner 8,113,310 98.03% 163,316 1.97%

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* The number of votes indicated reflects the proxies received by the management of the Company prior to the Meeting.

All other items discussed by shareholders at the Meeting were also approved, details of which are set out in the report of the voting results of the Meeting filed by the Company on SEDAR+ at


Where mortgage transactions are concluded®

The Company, through its mortgage banker, Firm Capital Corporation, is a non-bank lender that provides short-term bridge and conventional real estate financing for residential and commercial properties, including construction, mezzanine and equity investments. The Company’s investment objective is to preserve shareholder equity while providing shareholders with a stable stream of monthly dividends from the investments. The Company achieves its investment objectives by investing in select niche markets that are underserved by large lending institutions. The Company is a Mortgage Investment Corporation (MIC) as defined under the Income Tax Act (Canada). Accordingly, the Company is not subject to income tax provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 of each year. Such dividends are generally treated by shareholders as interest income, thus placing each shareholder in the same position as if the mortgage investments made by the Company had been made directly by the shareholder. Complete reporting of the Company’s financial results for the year is included in the Company’s audited financial statements and related Management’s Discussion and Analysis, which are available on the SEDAR+ website at In addition, additional information is available on the Company’s website at

For further information please contact:

Company Capital Mortgage Investment Corporation
Eli Dadouch
President and CEO
(416) 635-0221

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