By Devika Patel
Knoxville, Tenn., Aug. 26 - Firm Capital Mortgage Investment Trust priced a C$7.42 million private placement of trust units.
The company will sell 724,120 trust units at C$10.25 per unit.
Proceeds will be used for recently announced investment and ongoing investment commitments.
Toronto-based Firm Capital, through its mortgage banker, Firm Capital Corp., is a non-bank lender providing residential and commercial short-term bridge and conventional real estate finance, including mezzanine and equity investments.
| Issuer: | Firm Capital Mortgage Investment Trust
|
| Issue: | Trust units
|
| Amount: | C$7,422,230
|
| Units: | 724,120
|
| Price: | C$10.25
|
| Warrants: | No
|
| Pricing date: | Aug. 26
|
| Stock symbol: | Toronto: FC.UN
|
| Stock price: | C$10.45 at close Aug. 25
|
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