Frontenac Mortgage Investment Corporation Announces Pro Rata Redemption of $30,000,000 and Provides Update on Distributions

Frontenac Mortgage Investment Corporation Announces Pro Rata Redemption of $30,000,000 and Provides Update on Distributions

SHARBOT LAKE, ON, March 11, 2025 /CNW/ - Pro Rata Redemption Frontenac Mortgage Investment Corporation ("FMIC" or the "Company") announced today that pursuant to the Company's Pro Rata Redemption Plan, its board of directors (the "Board") intends to effect a pro rata redemption of an aggregate of $30,000,000, representing an expected redemption price of $7.20 on a per share basis, based on a redemption price equal to the net asset value per comm…