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Firm Capital Mortgage Investment to Redeem $25 Million 5.40% Convertible Debentures Early
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Firm Capital Mortgage Investment to Redeem $25 Million 5.40% Convertible Debentures Early
Apr 7, 2025 2:46 PM

05:18 PM EDT, 04/07/2025 (MT Newswires) -- Firm Capital Mortgage Investment ( FCMGF ) , after trade Monday said it will redeem all of its outstanding $25 million 5.40% convertible debentures early on May 12, ahead of their June 30 maturity.

The debentures will be redeemed for $1,000 per $1,000 principal amount, plus any accrued interest, using cash on hand. The debentures, listed on the Toronto Stock Exchange, will cease trading on the redemption date.

The company also announced its monthly cash dividend of $0.078 per share, payable to shareholders on the following dates: May 15, for shareholders of record on April 30; June 16, for shareholders of record on May 30; and July 15, for shareholders of record on June 30.

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