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Firm Cap Mortgage Invest ( (TSE:FC) ) has provided an announcement.
Firm Capital Mortgage Investment Corporation has announced an increase in its previously declared bought deal offering, now selling $25 million in convertible unsecured subordinated debentures at a 5.50% interest rate, with an option for underwriters to purchase an additional $3.75 million. The proceeds will be used for debt repayment and general corporate purposes, with the offering expected to close on October 14, 2025, subject to regulatory approvals.
The most recent analyst rating on (TSE:FC) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Firm Cap Mortgage Invest stock, see the TSE:FC Stock Forecast page.
Spark’s Take on TSE:FC Stock
According to Spark, TipRanks’ AI Analyst, TSE:FC is a Neutral.
Firm Cap Mortgage Invest has a strong financial foundation and attractive valuation, bolstered by positive corporate events. However, cash flow challenges and short-term technical caution weigh on the overall score. Addressing cash flow inefficiencies is crucial for maintaining stability and supporting future growth.
To see Spark’s full report on TSE:FC stock, click here.
More about Firm Cap Mortgage Invest
Firm Capital Mortgage Investment Corporation operates in the financial services industry, focusing on mortgage investments. The company is listed on the Toronto Stock Exchange under the symbol FC.
Average Trading Volume: 45,127
Technical Sentiment Signal: Buy
Current Market Cap: C$449.3M
For a thorough assessment of FC stock, go to TipRanks’ Stock Analysis page.