Highlights

• Firm Capital Mortgage Investment Corporation declared monthly dividends of C$0.078 per share for October and November 2026.

• Third-quarter dividends of C$0.234 per share exactly matched Basic Earnings Per Share for the same quarter.

• The investment portfolio shrank to C$598.7 million as the weighted average face rate fell to 8.83 percent.

• A C$0.084 special for 2025 was paid in January and is excluded from the regular trailing sum.

Firm Capital Mortgage Investment Corporation (TSX:FC) earned C$0.234 per share in the third quarter and declared exactly C$0.234 in dividends, the two figures matching to the cent. Behind that symmetry, the mortgage lender's investment portfolio contracted 2.0% to C$598.7 million and its weighted average face rate slipped to 8.83% from 9.50% at the end of 2025.

Those two forces, a smaller book and lower yields, were the main reasons the company gave for a 5.2% fall in quarterly net income, partly offset by lower credit-loss provisions and borrowing costs.

The monthly cheque and the special

Dividends declared on 13 August set C$0.078 per share for October, payable on 16 November to holders of record on 30 October, and for November, payable on 15 December with a 30 November record date. Each declaration is subject to adjustment at the board's discretion, and the November dividend's ex-date falls after the period used for the trailing calculation.

Twelve monthly payments with ex-dates inside the year to 10 November total C$0.936, a trailing Yield of 8.98% on the C$10.42 close, matching the indicated yield. Separately, a special year-end Dividend of C$0.084 for 2025, recorded on 31 December and paid on 15 January alongside the December payment, is not counted as regular income.

Inside the mortgage book

The portfolio held 238 investments at 30 September, with 95.6% in conventional first mortgages and 80.9% in Ontario. Some 40.1% of the book matures by 31 December 2026, which leaves a large share of capital to be redeployed in the near term.

Net income for the nine months declined 10.0%, a steeper drop than the third-quarter fall. Basic earnings per share for the quarter compared with C$0.247 a year earlier. Aggregate dividends declared in the three months came to C$8,597,220.

The monthly rate has been steady all year. Declarations in January set C$0.078 for each of January, February and March, with record dates of 30 January, 27 February and 31 March, and later declarations kept the same amount.

Credit provisions ease

The combined allowance for expected Credit losses and Fair Value adjustment fell to C$33.2 million from C$36.8 million. It comprises C$29.2 million of estimated shortfalls on specific loans, C$0.7 million of fair value adjustments and a C$3.3 million collective allowance.

The release did not publish a payout ratio, Leverage figure or impaired-loan total, so coverage can only be read through the match between quarterly earnings and dividends.

Price and index context

Shares closed at C$10.42 on 10 November, below the C$11.44 used in earlier screening data, which accounts for the higher yield. S&P/TSX SmallCap Index membership rests on fund holdings data dated 25 September 2026.