Firm Capital Mortgage Investment Corporation Announces Election of Directors

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/ NOT FOR NEWS DISTRIBUTION BY THE NEWS SERVICE OR DISTRIBUTION IN THE USA /

TORONTO, June 22, 2021 (GLOBAL INFO) – Capitalized Mortgage Investment CorporationCorporation“) (TSX: FC) announced today that at its AGM (“A meeting”) By the Shareholders of the Corporation, held earlier today, all director candidates were elected by the directors of the Corporation as follows:

Nominee

Votes “For”

% Of Votes “For”

Voices “withheld”

% of votes that were “withheld”

Jeffrey Bledin

5 339 174

83.47%

1,057,180

16.53%

Eli Dadauch

5 342 723

83.53%

1,053,631

16.47%

Morris Fishtein

5 338 421

83.46%

1,057,933

16.54%

Stanley Goldfarb

5,310,409

83.02%

1,085,945

16.98%

Victoria Granovski

5 347 677

83.61%

1,048,677

16.39%

Anthony Heller

5,340,324

83.49%

1,056,030

16.51%

Jonathan Mayor

5 329 951

83.33%

1,066,403

16.67%

The Honorable Francis Newbould

5 358 440

83.77%

1,037 914

16.23%

The Honorable Joe Oliver, PC

5 352 406

83.68%

1,043,948

16.32%

Kate Ray

5 353 153

83.69%

1 043 201

16.31%

Lawrence Schulman

5349,016

83.63%

1,047,338

16.37%

Michael Warner

6 362 487

99.47%

33867

0.53%

* The number of votes disclosed reflects the power of attorney received by the Corporation management prior to the meeting.

All other issues considered by shareholders at the Meeting were also approved, the details of which are contained in the Report on the results of voting on the Meeting submitted by the Corporation to SEDAR at www.sedar.com.

ABOUT CORPORATION

Where are mortgage deals®

The corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge financing and traditional real estate finance, including construction investments, mezzanine and equity investments. The investment goal of the Corporation is to preserve share capital while providing shareholders with a stable flow of monthly dividends from investments. The corporation achieves its investment goals by investing in selected niche markets that are under-served by large credit institutions. A corporation is a Mortgage Investment Corporation (MIC) as defined in the Canada Income Tax Act. Accordingly, the Corporation is not subject to income tax provided that its taxable income is paid to shareholders in the form of dividends within 90 days after December 31 of each year. Such dividends are usually treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investment made by the company were made directly by the shareholder. The Corporation’s full statements of financial results for the year are presented in the audited financial statements and related discussions and analyzes of the Corporation’s management, available on the SEDAR website at www.sedar.com. In addition, additional information is available on the Corporation’s website at: www.firmcapital.com

For more information contact:

Capital Mortgage Investment Corporation Firm
Eli Dadauch
President and CEO
(416) 635-0221

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