- Firm Capital Mortgage Investment Corporation (FC) has closed its bought deal public offering for gross proceeds of $28,758,510
- The corporation issued 1,936,600 common shares at a price of $14.85 per share
- Firm Capital is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing
- Firm Capital Mortgage Investment Corporation (FC) is up 0.62 per cent, trading at C$14.72 per share at 2:30 pm ET
Firm Capital Mortgage Investment Corporation (FC) has closed its bought deal public offering for gross proceeds of $28,758,510.
The corporation issued 1,936,600 common shares at a price of $14.85 per share. The syndicate of underwriters was bookrun by TD Securities Inc., National Bank Financial Inc. and CIBC Capital Markets, and including RBC Capital Markets, Scotiabank, Canaccord Genuity Corp., iA Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Laurentian Bank Securities.
The underwriters fully exercised their over-allotment option.
The corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine and equity investments.
Firm Capital Mortgage Investment Corporation (FC) is up 0.62 per cent, trading at C$14.72 per share at 2:30 pm ET.