Mr. Eli Dadouch reports

FIRM CAPITAL MORTGAGE INVESTMENT CORPORATION ANNOUNCES INFORMATION REGARDING ANNUAL AND SPECIAL SHAREHOLDERS MEETING

Firm Capital Mortgage Investment Corp.'s shareholders, proxyholders and guests may listen, through an audio conference call, to its coming annual and special meeting of shareholders to be held on Tuesday, June 13, 2023, at 10 a.m. Toronto time.

The corporation strongly encourages shareholders and proxyholders to register to obtain call-in details, rather than attend in person due to limited capacity at the corporation's head office. Shareholders are encouraged to vote using one of the methods described in the management information circular previously mailed to shareholders. The deadline for shareholders to vote by proxy in advance of the meeting is Friday, June 9, 2023, at 10 p.m. Toronto time.

After the formal part of the meeting concludes, the floor will be open for a question-and-answer session, at which time remote participants and those in attendance will have the chance to ask questions, share insights and contribute to the discussion.

Registration to participate in the call should be completed by following the link provided on the corporation's website, and, once registered, call-in details will be provided.

About Firm Capital Mortgage Investment Corp.

The corporation, through its mortgage banker, Firm Capital Corp., 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 through investments in selected niche markets that are underserviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to shareholders. The corporation is a mortgage investment corporation (MIC) as defined in the Income Tax Act (Canada). Accordingly, the corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after Dec. 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the corporation had been made directly by the shareholder. Full reports of the financial results of the corporation for the year are outlined in the audited financial statements and the related management's discussion and analysis of the corporation, available on the SEDAR website. In addition, supplemental information is available on the corporation's website.