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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good Evening
My question is about FC -Firm Capital Mortgage Corporation.
In your universe there are several convertible unsecured FC debentures but not the actual FC.
Can you please provide some information about this company. Their dividend was not cut since 2004. Is it suitable for an investor who is interested in relatively less risky investments with predictable income streams.
Thank you.
Read Answer Asked by Terry on April 03, 2025
Q: Can you explain what a MIC is? what are the benefits and risks? How do you buy them? Any you would recommend?
Read Answer Asked by Carla on January 13, 2025
Q: Hello 5i Team

Reviewing the publicly listed mortgage investment corporations (MIC) on the TSX and TSXV.

1 - Are there any others listed on exchange(s) other than the five listed?

2 - Is Builders Capital Mortgage Mortgage too small (~$19M market cap) for consideration?

3 - What is the best metric to compare MICs - price to earnings / price to book / others?

4- What would be your ranking - best to worst?

5 - Any other considerations?

Thank you
Read Answer Asked by Stephen on June 21, 2023
Q: Real estate obviously having a rough ride with interest rate increases. Do you still maintain holding a weighting in real estate in a diversified portfolio even though this sector is clearly not doing well? I know other fund managers are very strategic and would say hold zero real estate. Is the issue if one exits one will not know when to get back into the sector and diversification is always key, in that not all sectors will ever rise and fall at the same time. Would like your general thoughts on continuing to hold your favorite real estate names through these times and also your thoughts on a less popular name Firm Capital and whether you feel they can weather a recession.
Read Answer Asked by Neil on December 09, 2022
Q: Please rank these stocks and would you be comfortable buying them now for their generous yields with at least a three year hold?
Any individual company comments are welcome. Thanks.
Read Answer Asked by Steven on June 15, 2022
Q: I own small positions in Fiera, Firm Capital, Alaris and Mcan for their outsized yields. I'm close to even on three and down 5% on Fiera (8 5% yield).
Would you keep them as long term investments and please rank them. Thanks.
Read Answer Asked by Steven on January 31, 2022
Q: Do you have a preference for Firm Capital Mortgage (FC) or Firm Capital Property (FCD.UN)? Would you buy either, both or neither for stable income and any reason(s) would be appreciated. Thanks.
Read Answer Asked by Steven on October 25, 2021
Q: I own GSY on your recommendation. I also own ZEB for simple exposure to all the Canadian banks. I'm interested in finding other niche opportunities in the financial space, whether on the income side or the growth side (or blended). Someone mentioned Firm Capital Mortgage Investment Corp (FC) for income, recognizing this also entails some real estate exposure. What is your view of FC, and what other suggestions would you have? Thanks.
Read Answer Asked by Brad on May 03, 2021
Q: Do you have a preference of one over the other. Also, First National pays a dividend. Firm Capital pays out interest. Wondering about FC's structure and any shareholder liability.
Tx in advance.
Read Answer Asked by Ken on February 16, 2021
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