Firm Capital Mortgage Investment Corporation Announces Partial Exercise of Over-Allotment Option

Executive Summary

• The underwriters exercised their over‑allotment option, issuing an additional $3,150,000 of 5.50% convertible unsecured subordinated debentures, bringing total issuance to $28,150,000.
• Net proceeds will be used to repay indebtedness, strengthening the corporation’s balance sheet.
• The debentures are listed on the Toronto Stock Exchange under the symbol “FC.DB.M”.

Key Details

• Over‑Allotment Exercise: Additional aggregate principal amount of $3,150,000 issued.
• Total Debenture Issue: Aggregate principal now $28,150,000.
• Interest Rate & Maturity: 5.50% convertible unsecured subordinated debentures due December 31, 2032.
• Listing Symbol: “FC.DB.M” on the Toronto Stock Exchange.
• Underwriting Syndicate Lead Managers: CIBC Capital Markets and TD Securities Inc.; participants included Canaccord Genuity Corp., National Bank Financial Inc., RBC Capital Markets, Scotiabank, ATB Securities Inc., Desjardins Securities Inc., iA Private Wealth Inc., Raymond James Ltd., and Ventum Financial Corp.
• Use of Proceeds: Entire net proceeds will be applied to repayment of existing indebtedness.
• Prospectus Reference: Details are in the corporation’s press release (Oct 14, 2025) and Prospectus Supplement dated Oct 8, 2025, filed with Canadian securities regulators.

Notable Quotes

• “The exercise of the over‑allotment option provides us with additional capital to reduce our debt load and further support our mortgage investment strategy,” – Eli Dadouch, President & CEO.