Firm Cap Mortgage Invest (TSE:FC) has released an update.
Firm Capital Mortgage Investment Corporation, a non-bank lender specializing in short-term bridge and conventional real estate financing, has filed a preliminary base shelf prospectus in Canada. This will enable the company to issue up to $250 million in various securities over the next 25 months, pending final approval. The move aims to provide a stable return to shareholders through a diversified mortgage portfolio.
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