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Firm Capital Mortgage Investment redeems C$20M of debentures

Firm Capital Mortgage Investment Corp. completed the early redemption and cancellation of the outstanding C$20 million of its 4.75% convertible unsecured subordinated debentures due March 31, 2020.

The company used cash on hand to redeem the debentures.

The debentures were delisted from the Toronto Stock Exchange at the close of trading Dec. 20.