Firm Capital to redeem C$20 million 4.75% convertibles due 2020

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – Firm Capital Mortgage Investment Corp. said will redeem its C$20 million of 4.75% convertible unsecured subordinated debentures due March 31, 2020 on Dec. 30.

The convertibles will be redeemed at par plus accrued interest using cash on hand, according to a news release.

Toronto-based Firm Capital focuses on capital partnership investing in income producing real estate and mortgage debt investments in the United States.

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