FC Firm Capital Mortgage Investment Corporation

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX:FC) is
pleased to announce that it has entered into an agreement to sell, on a bought
deal basis, to a syndicate of underwriters led by TD Securities Inc., 1,700,000
common shares (the "Shares") at a price of $12.10 per Share (the "Issue Price")
for gross proceeds of $20,570,000. The Corporation has granted the underwriters
an over-allotment option, exercisable in whole or in part at any time up to 30
days after closing, to purchase up to an additional 255,000 Shares at the Issue
Price. Should the over-allotment option be exercised in full, the total gross
proceeds of the offering would be $23,655,500.


The net proceeds of the offering will be used to repay indebtedness and for
general corporate purposes.


The offering is scheduled to close on or about January 28, 2014, and is subject
to regulatory approval.


This press release is not an offer of securities for sale in the United States.
The Shares being offered have not been and will not be registered under the
United States Securities Act of 1933 and accordingly are not being offered for
sale and may not be offered, sold or delivered, directly or indirectly within
the United States, its possessions and other areas subject to its jurisdiction
or to, or for the account or for the benefit of a U.S. person, except pursuant
to an exemption from the registration requirements of that Act.


ABOUT THE CORPORATION 

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. The Corporation's investment objective is the preservation of
Shareholders' equity, while providing Shareholders with a stable stream of
monthly dividends from investments. The Corporation achieves its investment
objectives by pursuing a strategy of growth through investments in selected
niche markets that are under-serviced by large lending institutions. Lending
activities to date continue to develop a diversified mortgage portfolio,
producing a stable return to Shareholders. Full reports of the financial results
of the Corporation for the year are outlined in the audited financial statements
and the related management discussion and analysis of Firm Capital, available on
the SEDAR website at www.sedar.com. In addition, supplemental information is
available on Firm Capital's website at www.firmcapital.com. 


Forward-Looking Statements 

This news release contains forward-looking statements within the meaning of
applicable securities laws including, among others, statements concerning our
objectives, our strategies to achieve those objectives, our performance, our
mortgage portfolio and our distributions, as well as statements with respect to
management's beliefs, estimates, and intentions, and similar statements
concerning anticipated future events, results, circumstances, performance or
expectations that are not historical facts. Forward-looking statements generally
can be identified by the use of forward-looking terminology such as "outlook",
"objective", "may", "will", "expect", "intent", "estimate", "anticipate",
"believe", "should", "plans" or "continue" or similar expressions suggesting
future outcomes or events. Such forward-looking statements reflect management's
current beliefs and are based on information currently available to management.


These statements are not guarantees of future performance and are based on our
estimates and assumptions that are subject to risks and uncertainties, including
those described in our Annual Information Form under "Risk Factors" (a copy of
which can be obtained at www.sedar.com), which could cause our actual results
and performance to differ materially from the forward-looking statements
contained in this news release. Those risks and uncertainties include, among
others, risks associated with mortgage lending, dependence on the Corporation's
manager and mortgage banker, competition for mortgage lending, real estate
values, interest rate fluctuations, environmental matters, shareholder liability
and the introduction of new tax rules. Material factors or assumptions that were
applied in drawing a conclusion or making an estimate set out in the
forward-looking information include, among others, that the Corporation is able
to invest in mortgages at rates consistent with rates historically achieved;
adequate mortgage investment opportunities are presented to the Corporation; and
adequate bank indebtedness and bank loans are available to the Corporation.
Although the forwardlooking information continued in this new release is based
upon what management believes are reasonable assumptions, there can be no
assurance that actual results and performance will be consistent with these
forward-looking statements. 


All forward-looking statements in this news release are qualified by these
cautionary statements. Except as required by applicable law, the Corporation
undertakes no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Firm Capital Mortgage Investment Corporation
Eli Dadouch
President & Chief Executive Officer
(416) 635-0221
www.firmcapital.com

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