Mortgage Investment Corporation Capital Firms announces

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/ NOT FOR US NEWS DISTRIBUTION OR UNITED STATES DISTRIBUTION /

TORONTO, June 22, 2021 (GLOBAL NEWS) – Capitalized Mortgage Investment Corporation (hereinafter “Corporation“) (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 of the voting results of 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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