Firm Capital Mortgage Investment Corporation announced the retirement of Mr. Edward Gilbert as Chief Operating Officer of the Corporation. Mr. Gilbert remains a management-appointed director of the Corporation. The board of directors of the Corporation has appointed Mr. Sandy Poklar to act as Chief Operating Officer of the Corporation. Mr. Gilbert has served as Chief Operating Officer and as a trustee or director since the initial public offering of Firm Capital Mortgage Investment Trust, the Corporation's predecessor, in 1999. Mr. Gilbert will continue to be an important part of the Firm Capital Corporation management team through his ongoing role with the Corporation's advisor and as a director of the Corporation.

The company announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported interest and fees earned of CAD 6,624,220 against CAD 6,387,310 a year ago. Total comprehensive income and profit for the period was CAD 4,194,465 against CAD 3,937,912 a year ago. Profit per diluted share was CAD 0.229 against CAD 0.232 a year ago. Net cash flows from operating activities were CAD 5,835,490 against CAD 5,845,408 a year ago. Net profit for diluted profit per share was CAD 5,628,989 against CAD 5,182,520 a year ago. Profit for the three months ended March 31, 2013 represented an annualized return on shareholder's equity of 9.45%.