Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that the underwriters of its offering of 5.00% convertible unsecured subordinated debentures due March 31, 2029 exercised, in part, their previously disclosed over-allotment option, resulting in the issue of an additional $3,700,000 aggregate principal amount of debentures. The exercise of the over-allotment option brings the total aggregate principal amount of such debentures issued by the Corporation to $43,700,000. The debentures are listed on the Toronto Stock Exchange under the symbol “FC.DB.L”.
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The underwriting syndicate for the offering of debentures was bookrun by TD Securities Inc., National Bank Financial Inc. and CIBC Capital Markets, and included RBC Capital Markets, Scotiabank, Canaccord Genuity Corp., iA Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Laurentian Bank Securities.
The net proceeds from the exercise of the over-allotment option will be used for debt repayment and for general corporate purposes.
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The details of the debentures are described in the Corporation’s press release issued on January 27, 2022 in connection with the closing of the offering of the debentures.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, unless an exemption from registration is available. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Corporation in any jurisdiction.
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