Firm Capital Announces Early Redemption of Debentures

An announcement from Firm Cap Mortgage Invest ( (TSE:FC) ) is now available.

Firm Capital Mortgage Investment Corporation announced the early redemption of its 5.40% convertible unsecured subordinated debentures due June 30, 2025, with a redemption date set for May 12, 2025. This strategic move, funded through cash on hand, reflects the company’s proactive financial management and may enhance its market positioning by potentially reducing interest obligations and improving liquidity.

Spark’s Take on TSE:FC Stock

According to Spark, TipRanks’ AI Analyst, TSE:FC is a Neutral.

Firm Cap Mortgage Invest is supported by strong financial performance and attractive valuation, despite cash flow challenges. The positive corporate events further bolster the stock’s appeal, but technical analysis shows some short-term caution.

To see Spark’s full report on TSE:FC stock, click here.

More about Firm Cap Mortgage Invest

Firm Capital Mortgage Investment Corporation is a non-bank lender specializing in residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company focuses on niche markets that are under-serviced by large lending institutions, aiming to preserve shareholders’ equity while providing a stable stream of monthly dividends.

YTD Price Performance: -4.44%

Average Trading Volume: 58,692

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$425M

See more data about FC stock on TipRanks’ Stock Analysis page.